New Issue: Czech Republic’s Sazka prices €300 million 3 7/8% seven-year notes

By Sarah Lizee

Olympia, Wash., Jan. 30 – Sazka Group as priced €300 million of 3 7/8% seven-year senior notes (BB-/BB-) at 99.24, according to a company news release.

Proceeds will be used to repay and cancel debt.

Sazka is a pan-European lottery operator based in Prague and owned by KKCG.

Issuer:	Sazka Group as
Issue:	Senior notes
Amount:	€300 million
Maturity:	2027
Coupon:	3 7/8%
Price:	99.24
Settlement date:	Feb. 5
Ratings:	S&P: BB-
	Fitch: BB-
Distribution:	Rule 144A and Regulation S

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