Samara Asset Group, a listed-investment firm, has announced its plans to issue a 30 million euro ($32.78 million) bond to fund acquisitions in alternative investment funds and increase its bitcoin holdings. The bond will be listed on both the Oslo and Frankfurt stock exchanges, with a minimum subscription requirement of 100,000 euros.
The company has appointed Pareto Securities as the sole manager for the bond issuance and will be organizing multiple fixed-income investor meetings. The bond will be a senior secured Nordic bond, with the proceeds aimed at expanding Samara’s diversified portfolio.
CEO of Samara, Patrik Lowry, highlighted the significance of the bond in strengthening the company’s balance sheet and diversifying into new emerging technologies through fund investments. Lowry emphasized that Bitcoin serves as the company’s primary treasury reserve asset, enhancing liquidity positions with bond proceeds.
In addition to the bond issuance, Samara Asset Group p.l.c. will be the issuer, with Samara Asset Holdings Ltd. acting as the bond guarantor. This move signifies the company’s commitment to expanding its presence in the digital asset space and leveraging Bitcoin as a strategic asset.
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Overall, Samara Asset Group’s decision to issue a bond for Bitcoin expansion underscores the growing importance of digital assets in traditional finance. With a strategic focus on diversification and innovation, the company aims to capitalize on the potential of emerging technologies and alternative investment opportunities. By leveraging Bitcoin as a primary treasury reserve asset, Samara is well-positioned to navigate the evolving landscape of finance and technology.