£500 million bond

Discussion in 'Manchester United Forum' started by EZee, Mar 3, 2010.

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  1. Mar 3, 2010
    #1

    EZee Full Member

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    does anybody know the terms of the bond...

    ie if the club is sold who is responsible for the interest on the bonds and when is it payable?

    what was it an 8.5% 5 year bond... so that debt is effectivley £745 million to pay off to clear that debt...

    was there any clauses allowing for early repayment at fixed rates etc or would an investor be expecting the full return?
  2. Mar 3, 2010
    #2

    dhstriker President of the Jamie Redknapp fan club

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    I know 8.5% is better than 14% that the previous debt had.
  3. Mar 3, 2010
    #3

    golden_blunder Site admin. Manchester United fan Staff

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    please look up the original thread

    the amount of threads now building up for this same topic is getting a bit silly
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