La Française des Jeux (FDJ), one of Europe’s leading betting and gaming operators, has announced the successful placement of its inaugural bond issue for €1.5 billion, divided into three tranches with maturities of 6, 9, and 12 years:
- €500 million, maturing on November 21, 2030, with an annual coupon of 3.000%.
- €500 million, maturing on November 21, 2033, with an annual coupon of 3.375%.
- €500 million, maturing on November 21, 2036, with an annual coupon of 3.625%.
The bonds are rated Baa1 by Moody’s, consistent with the Group’s long-term rating and stable outlook.
Proceeds from the bond issue will be used to refinance the majority of the €2 billion credit line established for the acquisition of Kindred.
The bond issuance garnered significant interest, with final demand exceeding €7 billion from over 200 top-tier investors across all tranches, representing an oversubscription of nearly five times. This demonstrates strong market confidence in FDJ’s strategy and credit profile.
BNP Paribas, Crédit Agricole CIB, and Société Générale acted as global coordinators, alongside BofA Securities, Crédit Industriel et Commercial, HSBC, Goldman Sachs Bank Europe SE, and Natixis as active bookrunners.
FDJ has also finalized a €400 million syndicated loan with top-tier French and international banks, to be repaid over 5 years. This financing will help settle the bridging loan, which will be repaid using the Group’s cash resources.
18+ | Juegoseguro.es – Jugarbien.es
