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Oversubscribed bond sets Gaming Innovation Group on course to further acquisitions

20th February 2017 10:25 am GMT

Oslo-listed Gaming Innovation Group has successfully issued a SEK400m (€42.2m) senior secured bond in the Nordic bond market, with the proceeds set to drive further acquisitions in the affiliate marketing sector.

The company said that the bond issue, which included a SEK1,250m borrowing limit, was significantly oversubscribed and received strong demand from across the Nordic region.

Net proceeds from the bond issue will primarily be used for acquisitions, mainly within affiliate marketing where GIG last week entered into an [...]

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