Real Madrid to Sell EU250 Million of Bonds, El Confidencial Says

Real Madrid soccer club plans to issue as much as 250 million euros ($331 million) of high-yield bonds in order to finance the rebuilding of its stadium, El Confidencial reported today, citing unidentified people.

Real Madrid President Florentino Perez plans to sell the bonds due to the difficulties in finding banking loans, the news website said. Perez is in advanced talks with banks including Credit Suisse Group AG (CSGN), Barclays Plc (BARC) and Societe Generale SA (GLE), it said.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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