Samara Asset Eyes €30M Nordic Bond, Taps Pareto for Investor Talks

Samara Asset Group p.l.c., a global asset management firm based in Berlin, has mandated Pareto Securities as Sole Manager to arrange a series of fixed-income investor meetings. An up to €30m (approximately $31.6 million) senior secured Nordic bond (the “Bond”) may follow, subject to market conditions.

The Bond will be issued by Samara Asset Group p.l.c., while a newly formed SPV, Samara Asset Holdings Ltd., will act as the guarantor.

Samara’s goal with this Bond is to expand its diversified investment portfolio. It aims to acquire additional limited partnership stakes in alternative investment funds. It also wants to enhance its position in Bitcoin, which serves as its primary treasury reserve asset.

The Bond is intended to be listed on the unregulated market of the Oslo and Frankfurt Stock Exchanges. The private placement has a minimum subscription and allocation amount of €100,000.00. This offering aims to attract institutional investors seeking stable returns in a rapidly changing market landscape.

“We are excited by the prospect of placing this Bond and look forward to using the proceeds to acquire more Bitcoin and continue to seed the world’s best-emerging managers,” said Patrick Lowry, Samara CEO. “With Bitcoin as our primary treasury reserve asset, we also enhance our liquidity position with bond proceeds” Lowry added.

Germany: Hub for Crypto Innovation and Blockchain Development

In a report by Chainalysis, Germany is said to be offering key elements necessary for crypto growth. As per Dr. Sven Hildebrandt, Executive Director of Business Development and Strategic Partnerships at Boerse Stuttgart Digital, Germany seems to be quite ahead with technologies like blockchain.

“Germany has a very strong historical routing in technical blockchain development. For example, if you look for node operations, you will find that Germany has the second most full nodes for Bitcoin after the U.S., which is remarkable. Germany also has the largest number of web3 jobs in absolute terms with over 22,400 jobs in the crypto and blockchain sector,” noted Dr. Hildebrandt.

In April 2023, the German government passed the Future Financing Act (ZuFinG), introducing regulations for crypto asset custody. It also offered insolvency protection. Since then, several institutional advancements have emerged. Boerse Stuttgart Digital is collaborating with Munich Re to develop a fully insured crypto-staking service. It is expected to launch in the first half of 2024. Other notable innovations include Deutsche Bank’s partnership with Taurus to explore crypto custody and tokenization, as well as the German and Dutch central banks’ “Project Atlas,” which aims to map on-chain transactions.

Gairika holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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