DEB Counts On DEL For Financial Help Germany Decides To Bid On 2024 Games Osnabrück Reports €137K Loss For '13-14 Executive Transactions Names In The News Rio Golf Course, Developer Given Deadline Sky Buys Stake In Whistle Sports Network Fernandes Calls For F1 To Curb Spending Huawei Signs Deal With Santos Twitter Me This...
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).