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Playtech places €297m in bonds as downgrade hits share price

13th November 2014 7:04 am GMT

Playtech has raised €297m through a convertible bond issue, below its target of €315m, with the money to be used to fund potential acquisitions and organic growth opportunities.

The company issued €297m senior, unsecured convertible bonds due to mature in 2019 through wholly-owned subsidiary PT (Jersey) Limited, with the bonds guaranteed by Playtech.

The company’s board has stated that it believes there are a number of opportunities that could create significant value for shareholders.

The bonds have a [...]

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