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Birmingham Post
Birmingham Post
Business
Sion Barry

WRU looking to raise £3m with new Principality Stadium debenture issue

The WRU is looking to raise £3m from a new debenture issue at the Principality Stadium.

The latest issue is for 500 debentures at a cost of £6,000 each. The offer, which closes this Friday, provides seats on either side of the halfway line in the upper tier of the East Stand. The 500 Debenture Series has a maturity date of 2050 and will become active from January next year in time for the Six Nations. Successful applicants will also be offered the opportunity to purchase tickets for this year’s Autumn Nations Series matches, which kicks-off against New Zealand in November.

The union has used debentures to raise finance going back to the late 1960s with its first issue helping to finance the redevelopment of what was then the National Stadium.

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