It is also reported that the interest rate will not exceed 2.5 per cent, meaning that Madrid will make annual repayments in the region of €30 million (US$33.8 million) for 20 years. Real Madrid has secured a €235m ($265m) loan, subject to the purchase of commercial bonds, towards the redevelopment of the football club's stadium, the Bernabéu. The club will pay back the loan in instalments over five years, with interest payable at an annual rate of 4.5%. The stadium redevelopment is also being funded by a €575m investment from Bank of America Merrill Lynch and JP Morgan.
Real Madrid has secured a €235m ($265m) loan, subject to the purchase of commercial bonds, towards the redevelopment of the football club's stadium, the Bernabéu. The club will pay back the loan in instalments over five years, with interest payable at an annual rate of 4.5%. The stadium redevelopment is also being funded by a €575m investment from Bank of America Merrill Lynch and JP Morgan.