What is the interest payable on the Bond?
We are setting this at an annual rate of 1% of the face value of the Bond (or in simple terms 50p per Bond per year). This interest will be allowed to accrue until 2015. Not a vast amount in all honesty, but then again we like to believe that you are investing in Bonds because of your love for County and not because you want to get rich quick. Investors should realise that the fact that if they get any interest at all, it is better than getting a poke in the eye with a sharp stick. The rate of interest that the Trust gets from the Vernon Building Society is actually more than 1%, but the surplus money will either be used to fund any windfall payments that may be made to Bondholders or, if no windfall payments are made, it will be invested in the football club. The Trust cannot and will not make a profit from this scheme.
