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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


(END) Dow Jones Newswires

November 28, 2023 03:42 ET (08:42 GMT)

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