• Bonds fund hotel

Lancashire cricket club is issuing bonds to help fund the development of a hotel. The club expects to raise GBP3m towards building the four star facility at its Manchester ground, reports Bloomberg.

The five year bonds will pay 5% cash plus 2% as a credit against expenditure at the club. Individual members are being invited to purchase a minimum GBP1,000 each.  
Read the full story here:
http://www.bloomberg.com/news/2014-09-23/lancashire-to-sell-first-cricket-bonds-to-fund-expansion.html
 
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