Barcelona issues bonds for Camp Nou revamp

MADRID : Barcelona issued bonds on Wednesday to finance the revamp of its Camp Nou stadium, agreeing to pay 6 per cent-7.22 per cent interest depending on maturities, more than initially expected, according to data published on the Vienna stock exchange.

Camp Nou is the largest football stadium in Europe and the fourth-largest in the world by capacity, with 99,354 seats. Barca's financial director has estimated the net interest rate would average about 5.5 per cent, but warned that external events such as February's earthquake in Turkey and the banking sector turmoil could make the issuance more expensive.

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Barcelona issues bonds for Camp Nou revampMADRID : Barcelona issued bonds on Wednesday to finance the revamp of its Camp Nou stadium, agreeing to pay 6 per cent-7.22 per cent interest depending on maturities, more than initially expected, according to data published on the Vienna stock exchange.The Spanish club said in April it had secured a fina
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