Overview
- The club expanded the offer from an initial €50 million plan to €90 million after strong demand.
- The placement consists of a €75 million public tranche and €15 million in institutional private placements.
- The bond carries a five-year term with a minimum annual coupon of 6.5%.
- Schalke says the unexpected additional funds will also accelerate repayment of other liabilities.
- Finance chief Christina Rühl-Hamers hailed the result as a major success, while the club remains highly indebted with ongoing interest obligations.