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UK’s first crowdfunded ‘Coffee Bond’ launched

Thursday 13th November 2014

London coffee house Taylor St Baristas has announced its intentions to raise up to £3 million through the launch of the UK’s first crowdfunded ‘Coffee Bond’. 
Taylor St plans to double the size of its business over the next two years, with funds gained being used to open four shops in 2015, and a further six shops in 2016.  
In a first for the coffee industry, bondholders can elect to have their coupon paid in the form of store credit at the rate of 12% per annum.  
“This is a great time for Taylor St to be growing its business,” said Taylor St CEO Richard Shaer.  “Every day, we’re seeing new people walk through our doors in search of better coffee, and the size of this “quality” segment is only getting bigger.”  
“So many of our regulars have asked to get more involved in Taylor St.  Something like this will give them just that opportunity.  It’ll allow them to benefit directly from the support they daily give our business,” Shaer added.   
Alternatively, the coffee house confirmed, bondholders can choose to have their coupon paid in cash at the rate of 8% per annum.  
“Mini-bonds enable companies like Taylor St to raise growth capital and really involve their customers in the business,” explained Luke Lang, co-founder and CEO of Crowdcube. 
The bond is now live on  Crowdcube and is the fifth mini-bond to launch on the site.
Details of St Baristas offering can be seen here: www.crowdcube.com/tsb.  

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