We are delighted to be able to announce that the Dons Trust has launched The Plough Lane Bond.
This can make a massive difference to the current funding shortfall of £11m and help ensure that the stadium is built on time while maintaining the club’s fan-owned status.
Fans can elect to lend money over a 5,10 or 20 year period with a variable rate of interest from 0% to 4 %, paid annually*.
The more the Bond raises, the better the terms that are available for the commercial lending that will make up the remainder.
If the Bond raises £5m, then this will be a huge help in raising the remaining £6m.
If the Bond raises more than £5m, then a smaller commercial lending portion can happen at even better terms.
Every Bond sold helps.
Before bringing the Bond to market, the PLB team received pledges of more than £3.5m pre-launch, at an average chosen interest rate of 1.66% and an average term length of 12.5 years.
Please visit the website to read more and help the club and Trust in this final stage to Bring The Dons Home.
Leaflets will be distributed at tomorrow’s match with more information, some of the team behind the Bond will be around before the game in the DT Kiosk and elsewhere to discuss the Bond and there will be a Q&A in the main bar after Man of the Match.
Chief executive Joe Palmer said: “It’s been an incredibly busy period since December and I am delighted the team behind the Plough Lane Bond have managed to turn this idea into reality so quickly. Many people from the Trust and our legal advisers have also been involved in getting the Bond launched and now it’s time for us all to work together to make it a success. We are exploring new avenues that have been brought to us for the commercial lending as well, but the more we can raise through this bond, the easier the process of securing the remainder becomes."
* Your capital is at risk
Please visit the website for full terms and conditions and risk factors.