Bernie Bonds With Investors.
Formula One holdings, the company controlled by F1 powerbroker Bernie Ecclestone, was scheduled to hold investor presentations today (Monday) as a prelude to launching its $2 billion Eurobond.
In the region of 200 potential investors were invited to the presentation, held in a London hotel and organised by the US investment bank Morgan Stanley Dean Witter.
Formula One holdings, the company controlled by F1 powerbroker Bernie Ecclestone, was scheduled to hold investor presentations today (Monday) as a prelude to launching its $2 billion Eurobond.
In the region of 200 potential investors were invited to the presentation, held in a London hotel and organised by the US investment bank Morgan Stanley Dean Witter.
The issue of the bond replaces the planned, but problematic, flotation of Formula One Holdings, but has yet to be assigned a time scale. The original flotation floundered after an EU investigation into F1's allegedly unfair broadcasting rights, leading Ecclestone to announce the bond issue - secured by future revenue - in September.
