Ladbrokes places its bets on shareholders to reduce debt

UK bookmaker Ladbrokes has resolved to address its debt issues by way of a £275m rights issue that will see it increase its outstanding share capital by a half.

  • 09 Oct 2009
The deal, launched on Thursday, makes Ladbrokes the second sports betting company to turn to its shareholders this year after William Hill raised £350m in April. However, the trading environment for Ladbrokes remains challenging, it said, and revenues over the past three months have been 15% lower than ...

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All International Bonds

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1 JPMorgan 255,554.16 1146 8.47%
2 Citi 232,791.64 969 7.71%
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4 Barclays 184,008.42 751 6.10%
5 HSBC 144,676.82 801 4.79%

Bookrunners of All Syndicated Loans EMEA

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1 BNP Paribas 31,283.69 132 7.81%
2 Credit Agricole CIB 27,347.56 115 6.83%
3 JPMorgan 23,350.32 62 5.83%
4 Bank of America Merrill Lynch 22,698.09 61 5.67%
5 UniCredit 19,891.92 110 4.97%

Bookrunners of all EMEA ECM Issuance

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1 JPMorgan 8,160.55 49 10.10%
2 Morgan Stanley 7,744.92 38 9.59%
3 Goldman Sachs 6,966.15 37 8.62%
4 Citi 5,856.44 44 7.25%
5 UBS 4,820.17 25 5.97%