Surrey County Cricket Club Bond raises £5m in only seven days

The Club is planning to demolish the Peter May and Lock stands and replace them with a single new stand which will provide an extra 1,300 seats as well as improved spectator facilities and circulation space.

The Surrey County Cricket Club Bond is a non-transferable, non-convertible corporate mini-bond of a five-year fixed-term offering interest at a 5.5% fixed gross rate per annum payable in cash.

Andrew Lane, Finance Director at Surrey County Cricket Club commented: “We would like to thank the Memery Crystal corporate mini-bonds team for advising on the Surrey County Cricket Club mini-bond. David Walker and his team are a responsive, easy to deal with and pragmatic team of lawyers. The speed at which the funds have been raised was faster than we ever anticipated and we can now invest these in the Kia Oval and give Surrey County Cricket Club the home it deserves.”

Led by David Walker, Memery Crystal has worked on more corporate mini-bond issues than any other UK law firm, having been instructed on approximately 20 issues to date. We have previously advised on mini-bonds for UK companies including; Lancashire County Cricket Club, King of Shaves, Hotel Chocolat, Ecotricity, The Jockey Club, Firerock Energy, SmartWater Technology, Golfbreaks.com, Big60Million, Wellesley Finance Plc, Caxton FX and Innis & Gunn.