German company Mybet Holding is planning to raise €5 million for the expansion of its marketing and technology platform.

News outlet Gaming Intelligence reported the gaming operator will issue a bond with a maximum total nominal value of up to €5 million, but it is still up for a management board resolution. The resolution will also specify the details and the terms of the bond.

Mybet expects to issue the bond, which will have a term of five years, in December, according to the report.

Proceeds from the sale will be used to expand the company’s marketing and technology platform, including “expanding the betting range, acquiring new customers through increased marketing activities, and for advertising of games in the wider context of the UEFA European Championship in 2016.”