Donington goes for a bond issue

Donington Park has launched a sale of bonds in an effort to raise the $215m it needs to complete all the necessary work for the 2010 British Grand Prix. The bond will be for seven years and promises to repay investors annual interest of 15% as well as providing them with warrants relating to any future share issue that might come. The bond is being organised by Citicorp. The sale of the bonds is expected to begin next week

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