Papapolitis & Papapolitis has advised Intralot on its EUR 130 million debut public bond issuance listed on the Athens Stock Exchange, completed in February 2024.
Intralot is a Greek company that supplies integrated gambling, transaction processing systems, game content, sports betting management, and interactive gambling services to other gambling providers as well as operating its own games.
According to the firm, the issuance led to a 55% oversubscription, to the tune of EUR 201.87 million, and a final yield and interest rate set at 6%. "76.92% of the bonds were allocated to retail investors and 23.08% were allocated to qualified investors," Papapolitis & Papapolitis reported.
Late last year, Papapolitis & Papapolitis also advised Intralot on its EUR 135 million pre-emptive share capital increase (as reported by CEE Legal Matters on November 3, 2023).