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NEW CORPORATE BOND BRINGS NEW GROWTH OPPORTUNITIES
At 11 am on 29 June 2010, the Board of Casinos Austria International (CAI) presented its new public corporate bond to institutional investors in Casino Wien in Vienna.
Volume: Nominal value EUR 120,000,000 with optional increase to up to EUR 150,000,000 +++ Subscription period: 1 – 5 July 2010 +++ Estimated coupon: 5 %* p.a. +++ Lead Management: RZB +++ Target group: Private and institutional investors.
For immediate release
Vienna, 29 June 2010
CAI: A Global Player. Made in Austria.
Founded in 1977, Casinos Austria International is a leading player in the gaming and entertainment sectors in Europe and beyond. CAI currently operates 62 gaming entertainment venues in 16 countries, including 39 landbased casinos, 8 cruising casinos and 15 slot parlors. In recent years, CAI has also considerably extended its product portfolio, for example through the acquisition of a slot parlor and lottery subsidiary in Argentina, the video lottery terminals “mini casinos” it is in the process of launching in Italy and the establishment of the internet gaming portal CAIGAMES.COM. These activities have been complemented by several new and strategically significant projects in Brussels (VIAGE Entertainment Center), Hanover (RP5) and Glasgow (The Corinthian Club), which all combine a range of different casino and entertainment options.
CAI views the tremendous momentum and dynamics on the international marketplace as a challenge: “We see these developments as a great opportunity for our company and want to continue our growth in targeted sectors. Our latest investments mark the successful completion of a significant cycle of expansion,” confirmed CEO Paul Herzfeld.
To refinance its investments, Casinos Austria International is issuing a public corporate bond with a subscription period from 1 to 5 July 2010. “Casinos Austria International will use the proceeds of this bond issue to optimize its repayment profile and create opportunities for growth through new venues and innovative products,” explained CFO Josef Leutgeb.
RZB – A Strong Partner in the Corporate Bond Sector
Raiffeisen Zentralbank, who served as lead manager for the successful issue of the three times oversubscribed CAI bond in 2005, will also act as lead manager for this new bond issue.
Summary of Terms and Conditions:
| Issuer: | Casinos Austria International Holding GmbH |
| Volume issued: | Nominal value EUR 120,000,000 with optional increase to up to EUR 150,000,000 |
| Denomination: | Nominal value EUR 1,000 |
| Coupon: | 5 %* p.a. |
| Issue price: | To be fixed and published prior to the start of the subscription period |
| Tenor: | 7 years (due on maturity) |
| Subscription period: | 1 – 5 July 2010 |
| Value date: | 8 July 2010 |
| Final maturity: | 8 July 2017 at par |
| Paying agent: | Raiffeisen Zentralbank Österreich AG |
| Stock exchange listing: | Notice will be submitted to the Second Regulated Market on the Vienna Stock Exchange |
| ISIN: | AT0000A0JE42 |
*The final interest rate will be fixed and published prior to the start of the subscription period.
Orders can be placed with:
Raiffeisen Zentralbank Österreich AG
and all other Austrian financial institutions
Click here for more information and to download a copy of the prospectus (only available in German).
For further information and inquiries, please contact:
Paul Herzfeld
Chief Executive Officer
Josef Leutgeb
Chief Financial Officer
Casinos Austria International
Tel. +43 1 534 40 - 0
E-mail: office@casinosaustriainternational.com
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