Soccer-Barcelona issues bonds for Camp Nou revamp

FILE PHOTO: Soccer Football - LaLiga - FC Barcelona v RCD Mallorca - Camp Nou, Barcelona, Spain - May 28, 2023 General view outside the stadium before the last match prior to renovation work starting on Camp Nou REUTERS/Albert Gea/File Photo

MADRID (Reuters) - Barcelona issued bonds on Wednesday to finance the revamp of its Camp Nou stadium, agreeing to pay 6%-7.22% interest depending on maturities, more than initially expected, according to data published on the Vienna stock exchange.

The Spanish club said in April it had secured a financing deal worth 1.45 billion euros ($1.60 billion) with investors including Goldman Sachs and JP Morgan that will enable it to renovate its iconic but outdated stadium and its surroundings.