The heavily indebted Bundesliga relegated Schalke 04 issues a new corporate bond with a volume of up to 15.893 million euros. This is to finance the repayment of the old bond due in July. According to the club, the corresponding securities prospectus is expected to be published next week.
Schalke offers the holders of the bond issued in 2016 the opportunity to exchange their securities for the new bond. After the exchange offer has expired, members, fans and interested investors can subscribe to the new papers.
The corona crisis hit the bottom of the table hard economically. In the 2020 financial year, the royal blues recorded a loss of 52.6 million euros. Sales slumped from 275.0 to 174.7 million, liabilities rose by 19 to 217 million euros.