Naked Wines Offering ‘Fine Wine Bonds’ to Raise 3 Million Pounds
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Naked Wines UK, which has invested more than 25 million pounds ($39 million) in independent winemakers since 2008, is planning to raise 3 million pounds by issuing what it calls the Naked Fine Wine Bond.
Investors can buy 500 to 10,000 pounds of the three-year securities, which will pay 7 percent annual gross interest in cash or 10 percent yearly wine credits, the Norwich, England-based company said in a statement on its website today. A 10 percent premium will be paid if investors choose to spend the original amount they invested on wine when the bond matures.