Council Kev wrote:
I believe the bond runs for 5 years and will expire in April 2025, but the investors can roll it on for another 5 or 10 years. This is what the Toot want. Probably most of their fans will do this. However at inception the interest was very good, compared with other investments and many jumped on board with no connection to AFCW. If interest rates remain high many will want to cash in and move their money elsewhere. This will fuck AFCW over. No doubt they'll be issuing further bonds to get investment and stay ahead of the curve. Again however paying a higher rate of interest is a dangerous game, capped with regulation. May be the FCA will bugger them. They aren't keen on crowd funding bonds, especially when putting off Domesday and a spike in investors wanting their money.
Interesting... I'll make some popcorn and watch and wait.