Berlusconi Reportedly Agrees To Sale Port Adelaide Building Following In China Collingwood Applies For More Pokies Collingwood Hopes To Be Pokies-Free Thistle To Meet With SPFL Over Fixtures KHL Confirms Chinese Addition Suning To Name New Inter Milan Board Ashley Ordered To Pay SFA Legal Costs Hearts Request SFA Support Dortmund Sets Ticket-Renewal Record
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).