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Cash will become obsolete and this will be the result of digital finance advancement»
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Superbet bonds start trading on Bucharest Stock Exchange

Corporate bonds of Superbet Betting & Gaming S.A., one of the most important gambling operators in Romania, have started trading on the Alternative Trading System managed by Bucharest Stock Exchange (BVB) from September 20, 2017.

2017-09-20 12:52:19

The bonds which are non-guaranteed, RON denominated, issued in January 2017, maturing in 2020, with a fixed interest rate of 12 per cent per annum, have a total value of approximately 9.7 million RON (2.1 million Euro).

"Superbet succeeds to attract money from Romanian investors with this second placement," said Vlad Ardeleanu, general manager of Superbet's multibrand operations. "The money will remain in Romania because it will be used for the development of operations in this country. The money will be invested in expanding both the retail business (new betting agencies) and in boosting the online business that has just begun. In the online environment, most of the money is geared towards advanced technology development. The success of the second placement shows the stability and financial health of the company and the group it belongs to. It is what investors always appreciate, in addition to the growth and potential of business growth."

Superbet Betting & Gaming S.A. is one of the largest gambling and betting operators in Romania with nearly 1,800 employees and over 600 locations (agencies) offering betting and lottery services, virtual games and more than 2,000 slot machines.

The net profit of the issuer increased by 270 per cent in 2016 compared to 2015 and exceeded 27 million RON (6 million Euro), according to the admission to trading memorandum.



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