Schalke 04 to sell retail bond in Germany

23 May 2012

German football club Gelsenkirchen-Schalke 04 hopes to raise up to €50m of seven year ‘Mittelstand bonds’ with a 6.75% coupon.

Both retail and institutional investors can subscribe to the notes from May 30 to June 8 through their private banks or through the Frankfurt Stock Exchange’s Entry Standard retail platform, unless the subscription period is terminated earlier.

Schalke 04 plans to use the proceeds to repay debt, according to ...

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