Shares in Ubisoft Tumble on Bond Placement News
By Helena Smolak
Shares in Ubisoft Entertainment tumbled after the company placed bonds convertible or exchangeable into shares.
At 0813 GMT, Ubisoft shares traded 6.9% lower at EUR27.39.
The French video game publisher said Tuesday that it raised a nominal 494.5 million euros ($541.7 million) through the bond placement. The proceeds will be used for general corporate purposes, and up to EUR250 million for the repurchase of outstanding bonds, Ubisoft said.
The bonds, which have a maturity date of Dec. 5, 2031, have a nominal value of EUR100 each and a 2.875% coupon.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
November 28, 2023 03:42 ET (08:42 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
When Will the Fed Start Cutting Interest Rates?
-
What’s the Difference Between the CPI and PCE Indexes?
-
Powell Unfazed By Sticky Inflation, but Rate Cuts Are Far Off
-
After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?
-
Best- and Worst-Performing Stocks of April 2024
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
4 Utility Stocks to Play the AI Data Center Boom
-
Albemarle Earnings: We Expect Improved Results In the Rest of Year Following Cyclically Low Profits
-
Novo Nordisk Earnings: Raised Fair Value Estimate Still a Contrast to Market Overenthusiasm
-
After Earnings, Is Verizon Stock a Buy, a Sell, or Fairly Valued?
-
Look Inside Berkshire Hathaway’s Portfolio Before Its Annual Meeting
-
How to Invest Like Warren Buffett
-
Cognizant Earnings: Improved Profitability Buttresses Results as Customer Spending Remains Muted
-
10 Top-Performing Dividend Stocks of the Month