Fubo Group (03738) completes issuance of HK$530 million 375% convertible bonds due 2027

According to the Zhitong Finance App, Fubo Group (03738) issued an announcement. All prerequisites under the subscription agreement have been met, completed on October 27, 2026, and the bond issuance was completed on October 27, 2026. The bonds were listed on October 27, 2026 on the Vienna MTF operating on the Vienna Stock Exchange.

The bonds have been placed by the operator to no less than six independent subscribers (all professional investors). As far as the directors are aware, as of the date of this announcement, each of the subscribers and their respective ultimate beneficial owners are independent third parties of the Company.

Assuming that all of the bonds were converted to new shares at the initial exchange price and after deducting the manager's commission and other estimated expenses and expenses associated with issuing the bonds, the estimated net proceeds from the issuance of the bonds by the Company would be approximately HK$519.3 million, that is, the net issue price calculated at the initial exchange price would be HK$2,959 per new share.

The Company intends to use approximately HK$514 million of the net proceeds from the issuance of bonds to repay existing debts due within this year, and use the remaining net proceeds for general working capital purposes (including supplementing the Group's working capital and paying operating expenses).