Consortium To Back New Brisbane Team Arsenal Fans Want Explanations BBL Side Hagen Files For Bankruptcy Former Mercedes Exec Brawn Speaks Out Parramatta Overhauling Constitution McLaren CEO Denies Reports Authorities To Investigate Foley's Death Skyline Int'l Lays Out Plans For Elche Celta Vigo President Says Sale Possible Franchise Notes
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/June 12, 2012/Franchises
Bond Sales For Bundesliga's Schalke 04 Drop 5% In First Round Trading
Published June 11, 2012
On its first day of trading on the Frankfurt Stock Exchange, the corporate bond of Bundesliga club Schalke 04 took a hit and lost about 5%, according to German business newspaper HANDELSBLATT. The club “wants to use the return from its bond to restructure its debts.” The club announced that it "has sold bonds with a total value of €35M ($43M) by the end of the subscription period.” Handelsblatt wrote, "This is well below the club’s anticipated goal of selling bonds for a total value of €50M ($62M) (HANDELSBLATT, 6/11).