Cricket Australia, ACA To Resume Pay Talks Nottingham Forest, Al-Hasawi Face Crisis Football TV Viewership In Decline Neymar Europe's Most Expensive Executive Transactions A-League To Adopt Asian Import Quota Mercedes F1 Signs Valtteri Bottas ESPN Lowers Offer To Argentine FA Chinese FA To Continue Cracking Down Names In The News
SBD Global/September 12, 2013/FinancePrint All
Bundesliga club FC Schalke "has increased its club bonds to a volume" of €50M ($66.5M), according to the SID. The club, whose bonds have been listed on the Entry Standard of the Frankfurt Stock Exchange since June, "has increased the volume of its club bonds" by €15M ($20M) to €50M. Schalke CFO Peter Peters said, "Over last several months, we have received high demand from institutional investors for our bonds. We gladly complied with this demand and decided to increased our bonds volume to the originally planned €50 million." He added, "It helps us continue to diversify our investor basis. The second installment serves the purpose of optimizing our financial structures to absorb the incremental UEFA payments during the '13-14 season." The bonds have a fixed annual interest rate of 6.75% and run through '19 (SID, 9/10).
MSV DUISBURG: DER WESTEN's Thomas Kristaniak reported German 3rd League football club MSV Duisburg "will issue fan bonds" to pay back a €3.3M ($4.4M) loan which will be due on July 1. Duisburg board member Robert Philipps said, "With five percent and a duration of five years, we want to generate €5 million ($6.7M)." Fans of the club "will be able to subscribe to the bonds starting on Sept. 14" (DER WESTEN, 9/10).