Unibet EUR bond repayment
12/22/2009 12:00 PM EST
Unibet Group plc has today repaid the outstanding amount of EUR 65.8 million of the original EUR 100,000,000 9.70% Bonds 2007/2010, Series No. 1 (ISIN: SE0002275990) a year ahead of the original maturity, in accordance with Condition 9 of the terms and conditions for the Bond.
Through this early redemption of the Bond, Unibet expects to save EUR 4-5 million in Finance Costs compared to holding the Bonds to their original maturity in December 2010. This saving includes early redemption costs of approximately EUR 1.4 million in the fourth quarter of 2009.