Samara Asset Group (ISIN: MT0001770107; Ticker: SRAG:GR) has announced its collaboration with Pareto Securities, appointed as the Sole Manager, to kick off a series of fixed income investor meetings. This initiative may lead to the issuance of a senior secured Nordic bond of up to €30 million, contingent upon market conditions.
The funds raised from this bond will be strategically directed towards expanding Samara’s diverse investment portfolio. This includes acquiring additional limited partnership stakes in alternative investment funds and enhancing its Bitcoin treasury, which serves as its primary reserve asset.
The bond will be issued by Samara Asset Group p.l.c., with a newly established special purpose vehicle, Samara Asset Holdings Ltd., serving as the guarantor. It is set to be listed on the unregulated markets of the Oslo and Frankfurt Stock Exchanges, with a minimum subscription requirement of €100,000.
CEO Patrick Lowry expressed enthusiasm about the bond placement, stating,
“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. This move will further strengthen our robust balance sheet and enable us to diversify into new technologies through strategic fund investments.
Additionally, with Bitcoin as our primary treasury asset, we will enhance our liquidity position.”
Christian Angermayer, a member of Samara’s Advisory Committee, emphasized the firm’s mission to foster innovation:
“Our goal at Samara is to drive humanity forward by investing in the best managers and builders. With this new capital, we’re eager to support those developing tomorrow’s most disruptive technologies while growing our Bitcoin holdings.”
In 2023, as reported by BitKE, the firm donated $10,000 to Bitcoin Dada, a women centric entity that is working towards educating African women into Bitcoin. This contribution aligns with Samara’s mission to empower emerging talent and drive technological advancement.
🇰🇪FUNDING | Kenya’s Women-Centric Bitcoin Education Initiative, Bitcoin DADA, Receives $10,000 Donation in BTC from Samara Asset Group@Samara_AG_ says it is supporting Bitcoin DADA in this mission, with the donation made in Bitcoin (BTC), to help the organization roll out new… pic.twitter.com/9IsAoE7KZq
— BitKE (@BitcoinKE) September 8, 2023
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About Samara Asset Group PLC
Samara Asset Group (ISIN: MT0001770107; Ticker: SRAG:GR) is a cornerstone for nurturing high-potential investment opportunities. We leverage our strong balance sheet to support emerging asset managers and back visionary builders, all while holding Bitcoin as a key asset. Through our digital asset management platform, Samara Alpha Management, we invest in cutting-edge, under-the-radar managers with the goal of achieving superior, risk-adjusted returns.
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