Overview
- The 2025/2030 bond pays a 6.5% annual coupon with a 1.5 percentage-point bonus if Schalke is promoted to the Bundesliga.
- Subscriptions are open in Germany, Luxembourg and Austria via the club website until 18 November and via Deutsche Börse until 20 November.
- Holders of the 2021/2026 and 2022/2027 notes are offered a voluntary exchange into the new, higher-yield issue.
- Funds are earmarked to redeem the remaining €15.9 million on the 2021/2026 bond and €34.1 million on the 2022/2027 bond, with any surplus directed to other liabilities.
- Finance chief Christina Rühl-Hamers says demand has exceeded expectations and provides planning flexibility without raising net indebtedness.