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mybet issues €5m convertible bond to aid platform development

11th December 2015 8:15 am GMT

German gaming operator mybet Holdings has successfully placed a €5m convertible bond that it will use to strengthen its technology and marketing platform, expand its betting range and boost marketing activity.

The company has placed the convertible bond on the capital market, paying interest at 6.25 per cent over five years. The issue was oversubscribed with 50,000 debentures issued in total at a price of €100.00 each.

mybet first announced plans to issue the bond in November, securing [...]

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