Novomatic restarts Austrian retail bonds with €250m

18 Jan 2013

Novomatic, which makes gambling machines and operates gaming outlets, opened the Austrian retail bond market for 2013 with a successful issue of €250m on Wednesday.

Erste Bank, Raiffeisen Bank International and UniCredit, which had announced the deal on January 9 and held an investor call on Tuesday, marketed the six year unrated bond at a coupon of 4%.

"We built up a book of above €300m and printed €250m," said a banker at one ...

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