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Club News

Stevenage FC announce full repayment details of outstanding Bonds

21 June 2021

Jim Steele

Following the early repayment of 80% of Bonds in April 2021, the Club now announce payment of the remaining Bonds...

The Club has today announced that repayment of the North Stand Bond facilitated by Tifosy will be made on 31st July 2021 and will include both Bond principal and the interest accrued on these Bonds from the date of the last payment of interest (April 9th) up to the date of repayment (31st July).

Payment will be made by bank transfer or cheque, according to the preference selected for interest payment at the time of your investment.

For those Bondholders who opted to take interest in the form of Club Credit, the remaining bond repayment will be made by cheque, with interest paid in the form of vouchers as before.

Speaking about the news Chairman Phil Wallace stated ‘‘I am indebted to all of the supporters who showed faith and trust in myself and the Club by contributing to the Bond Scheme. Without them we wouldn’t have been able to complete the vision of the new North Stand, which was such a major part of our stadium upgrade plans. We achieved our target in record time and I’m delighted that we have been able to repay the Bonds in full and early. Some holders must have been concerned last year when the Club was in trouble on many fronts due to Covid, but repaying supporter investments has been top of our list for some while. I’m delighted we can now achieve that‘.

 

In addition those who are Silver-level Bondholders (or above) are eligible to a final Bondholder privilege, which has not been possible to set up yet due to delays to construction of the North Stand and the restrictions imposed by Covid-19: having your photo taken with the first team squad.

With Covid-19 restrictions continuing to lift, the Club has now set a provisional date of Wednesday 4th August at 6pm with further communications to follow post 5th July.

For any questions regarding the Stevenage Bond, get in touch with Tifosy at stevenagefc@tifosy.com.


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