AFC Wimbledon aiming to raise up to £4.5m by issuing a bond to retail investors that pays interest of 6%
AFC Wimbledon is aiming to raise up to £4.5million by issuing a bond to retail investors that pays interest of 6 per cent.
The League One football club, which is owned by the fans, wants to raise money to repay a bridging loan for the development of its stadium in Plough Lane.
Two years ago, the club launched a bond which raised £5million after building costs for its new stadium soared.
Making a statement: AFC Wimbledon needs another £4.5million to refinance a high interest bridging loan
Now AFC Wimbledon needs another £4.5million to refinance the high interest bridging loan.
Prior to the official launch of the bond, AFC Wimbledon had already raised £700,000 from supporters.
Each £1million will save the club £60,000 in interest bills.
The minimum investment for the new 5, 10 or 20-year bond is £1,000 and the 6 per cent interest applies whatever the amount, plus there is a bonus of 1 per cent for fans who invested in the first bond.