- The bond proceeds will fund acquisitions in alternative investment funds and increase Samara’s bitcoin position.
- The 30 million euro ($32.78 million) bond will be listed on both the Oslo and Frankfurt stock exchanges with a minimum subscription of $109,000.
Samara has appointed Pareto Securities exclusively to arrange various meetings with fixed-income investors. The bond they’re referring to is a senior secured Nordic bond, and the money raised from this will be used to grow Samara’s mixed portfolio by purchasing more shares in alternative investment funds and boosting its bitcoin holdings.
Bitcoin serves as Samara’s primary treasury reserve asset.
The Samara Asset Group p.l.c. will issue the bond, while Samara Asset Holdings Ltd., a specific purpose entity (SPE), stands as the guarantor for this bond. This bond will be available on both the Oslo and Frankfurt stock markets, with a mandatory minimum investment of 100,000 euros.
Patrik Lowry, the CEO of Samara, highlighted the significance of the funds, stating, “These funds will empower Samara to broaden and strengthen its existing financial foundation as we venture into novel emerging technologies via new investment funds. Since Bitcoin serves as our primary reserve asset, these bond proceeds also bolster our liquidity.
In a similar fashion, Lowry shared on X with the comment, “We stand steadfast as long-term holders and trust that technology is the key to human progress!
Samara Asset Group’s share price was up over 6% at 2.04 euros on Monday.
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2024-10-14 12:11