Luther Rechtsanwaltsgesellschaft advised SV Werder Bremen GmbH & Co KG aA on the deal.
SV Werder Bremen GmbH & Co KG aA announced the issue of a corporate bond. The funds from the issued bond strengthen the financial power of the traditional club and will be used for the promotion of young talent, digitalisation and sustainability projects.
The bond of SV Werder Bremen GmbH & Co KG aA (ISIN DE000A3H3KP5) has been traded on the Open Market of Deutsche Börse AG in the Quotation Board segment for bonds since 8 June 2021, following the completion of the public offering. At almost 102%, the current share price reflects investor confidence from a standing start.
Despite the relegation to the second league, the issue has seen demand from institutional and private investors alike. The interest rate was set at the rather lower end of the range at 6.50%. A total of EUR 17.0 million was placed.
As a founding member and in 3rd place in the perpetual table of the Bundesliga, SV Werder Bremen can look back on a sporting success story since 1899. With around 40,000 registered members and a strong positioning in sustainability and social issues, SV Werder Bremen is a strong and sought-after brand in football.
The Luther team included Ingo Wegerich (Picture – Partner, Lead), Elena Recklin (Associate).
Law Firms: Luther Rechtsanwaltsgesellschaft mbH;
Clients: SV Werder Bremen GmbH & Co KG aA;