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Stroll turns to bonds to fund Aston Martin's new F1 factory
Article To news overview © Aston Martin With Aston Martin starting construction work on their new factory in September, team owner Lawrence Stroll is aiming to fund the £250 million development through a bond issue. Last month, the team confirmed that work on their new facility on Dadford Road at Silverstone had formally begun. The new development will see the team build a new wind tunnel and simulator, while their facilities will also add on two new buildings. The £100 bonds to raise capital will be issued over the next five years and pay a rate of 7%, and will be used to finance the building of the development. "I am delighted that we will be issuing a bond through the London...
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2y ago from RacingNews365.com
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