Due to strong demand, Schalke increased the issue volume twice before the subscription period ended. Even so, the bond, which has a five-year term and offers an annual interest rate of at least 6.5 percent, remained heavily oversubscribed.
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Bundesliga Return as Schalke 04’s Target
The club from Westphalia plans to use the fresh funds primarily to redeem two previous bonds from 2021 (€15.9 million) and 2022 (€34.1 million). The additional, unexpected income will now be used to accelerate the repayment of further liabilities.
In addition, the club’s management hopes that, alongside financial consolidation, they will gain more flexibility to further develop the team and push towards their goal of returning to the Bundesliga.