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SBD Global/October 3, 2012/Finance

FC Cologne Is Close To Reaching Its Minimum Goal Of $9.7M Through Its Fan Bonds

Second Bundesliga club FC Cologne "has generated €7.2M ($9.3M) through its fan bonds since August," according to the SID. Club President Werner Spinner, "Our minimum goal is to generate €7.5M ($9.7M), which we will surpass in the next couple of days." The fan bonds' subscription period ends on Oct. 31. Cologne's "ambitious goal is to generate a total of" €10M ($12.9M) with the bonds. The fan bonds have a duration of five years, with an annual interest of 5% (SID, 10/2).
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