Sazka cuts yield, lengthens term on speedy euro market return

By Karoliina Liimatainen
27 Jan 2020

Czech lottery firm Sazka ventured into the euro high yield market again this week, issuing €300m of seven-year senior unsecured notes. The deal comes after Sazka made a successful debut in mid-November.

Sazka, rated BB- by both S&P and Fitch, is one of the largest lottery operators in Europe, with operations in the Czech, Greek, Austrian and Italian gaming markets.

The firm's new €300m bond followed on from its debut in the euro market — also a €300m refinancing issue, consisting ...

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