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BRIEF-FDJ Announces Bond Issue For EUR 1.5 Bln To Refinance Kindred's Acquisition

BY Reuters | CORPORATE | 11/18/24 01:48 AM EST

Nov 18 (Reuters) - La Francaise des Jeux SA:

* FDJ ANNOUNCES SUCCESSFUL PLACEMENT OF ITS INAUGURAL BOND ISSUE FOR EUR 1.5 BLN TO REFINANCE KINDRED'S ACQUISITION

* EUR 500 MLN BONDS MATURING 2036 WITH 3.625% COUPON

* EUR 500 MLN OF BONDS MATURING ON 21 NOVEMBER 2033, WITH AN ANNUAL COUPON OF 3.375%

* FINALISES EUR 400 MLN SYNDICATED LOAN TO BE REPAID OVER 5 YEARS

* EUR 500 MLN BONDS MATURING 2030 WITH 3.000% COUPON

* PROCEEDS TO REFINANCE EUR 2 BLN CREDIT LINE FOR KINDRED ACQUISITION Source text: tinyurl.com/bddm3w5n Further company coverage: (Gdansk Newsroom)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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