Currency Converter

Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).

From:
To:
 

SBD Global/June 12, 2012/Franchises

Bond Sales For Bundesliga's Schalke 04 Drop 5% In First Round Trading

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).

Return to top

Related Topics:

Franchises

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug