Naked Wines looks to raise £3m through new bonds scheme
On the heels of securing an additional £6.4 million from one of its major shareholders, Naked Wines hasannounced it will be issuing Naked Fine Wine Bonds in an effort to raise a further £3m.
On the heels of securing an additional £6.4 million from co-founding shareholder of the company, Naked Wines has announced it will be issuing Naked Fine Wine Bonds in effort to raise a further £3m.
At the end of August Naked Wines, founded by Rowan Gormley, pictured, received additional funding from German wine company, WIV Wein International AG, which brings the total amount invested by WIV in the online retailer to £15.4m.
The new bond scheme will be offering investors the opportunity to buy bonds that will mature in three years and will offer returns of 7%in cash or 10% if the interest is paid in wine credits. Investors can buy between £500- £10,000 pounds worth of securities. The risk is that should the company become insolvent, the investors may not be able to recoup their initial investment.
The bond offer launched on September 2, and will remain open for four weeks, with a minimum requirement of selling £1m and a maximum of £5m worth of bonds before the offering closes on September 29.
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