By Lisa Kerner
Charlotte, N.C., Dec. 18 - Ubisoft placed €20 million of 3.99% six-year bonds with a French institutional investor, the company announced on Tuesday.
The bonds will be issued on Dec. 19.
"This bond placement - which is the first of its kind for Ubisoft - gives us additional flexibility for our long-term financing, in excellent conditions," chief financial officer Alain Martinez said in a company news release.
Kepler Capital Markets was the arranger.
Ubisoft is a Paris-based independent publisher of video games worldwide.
| Issuer: | Ubisoft
|
| Issue: | Bonds
|
| Amount: | €20 million
|
| Coupon: | 3.99%
|
| Maturity: | Six years
|
| Distribution: | Private placement
|
| Purchaser: | French institutional investor
|
| Settlement date: | Dec. 19
|
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