Bankhaus Scheich has advised and supported the successful amendments to the terms&conditions of the outstanding Senior unsecured callable fixed rate Notes 2016/2022 (EUR 62,096,000) and 2018/2023 (EUR 75,000,000) of the Finnish Real Estate specialist SRV Group plc, Helsinki. The company proposed to its bondholders – amongst others – the extension of the tenure of the Notes as well as the implementation of an amortization structure. The proposed modifications are part of the company’s in 2020 announced and initiated recovery program and were approved with the support of Bankhaus Scheich by the international investors with a large majority. SRV has thus improved its repayment profile of its debt structure and gained more flexibility for its already rapidly improving operational development.
Frankfurt am Main, 14 April 2021
ETC Group, a leading provider in cryptocurrency-based financial products, has successfully launched and introduced its new ETN to Frankfurt’s Regulated Market. Bankhaus Scheich has acted as applicant for the admission process and will be the specialist on Frankfurt’s Stock Exchange. This new product is fully-backed and fully-fungible with the cryptocurrency LITECOIN, enabling investors to benefit from a centrally cleared (Eurex Clearing), regulated and listed product within a strongly growing segment. The yet another admission not only testifies to the growing investor appetite but to the strategic objective of Deutsche Börse AG to promote the global trend of regulated and listed crypto-assets. Only weeks ago, ETC Group had listed an Ethereum-based product (ZETH-ETN) in Frankfurt’s Regulated Market.