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Aston Martin F1 team ditches proposed retail bond
The Aston Martin Formula 1 team has ditched a proposed five-year sterling retail bond to help fund its new factory because more attractive sources of financing are available, the team confirmed. The Mercedes-powered team, owned by Canadian billionaire Lawrence Stroll, last month announced the 7.0% bond and hoped fans might participate. Stroll told Reuters in October that the ‘campus' – three buildings including a new wind tunnel – would take three years to build with an estimated cost of around 220 million pounds ($300.48 million). He explained that the bond was 'the most logical sense of financing the campus and giving the fans a chance to get involved.' An update on...
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4y ago from GrandPrix247.com
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