Jan 15 2010
Man U Bonds
A delegation from the famous English football club Manchester United was in Singapore a few days ago to promote the Man U bond offering which is required to reduce its huge debt load of almost 700 million pounds.
The bonds are priced at US$100,000 (S$140,000), have a maturity of 5-7 years and are expected to pay a yield of 9-10%.
The bonds are not rated by any agency and response is believed to be lukewarm among fund managers.
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