Polish Side Lines Up New Investor Montezemolo Likely To Lead Rome's Bid Palmeiras Inks Shirt Deal With Crefisa Close To 300K Watch Handball On Sky Ireland To Back Away From Sponsors Ban Adidas Sales Rise More Than 'Expected' England On Course For Record Sackings Executive Transactions Scotland Games To Stay On Free-TV Celtic Fans Claim Old Firm Derby Dead
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).