Brewdog launches new bond

Brewdog has teamed up with Crowdcube again to launch a new Brewdog bond, which will launch later this month.

Building on the success of the first, the new bond will provide a 6% yield, with 50% paid in cash each year and 50% in ‘beer bucks’ – which will be redeemable in its bars or online shop.

The Scottish-based brewer and bar operator said the bond would give people “a completely new way to invest in Brewdog”, as it continues to invest in the next phased of its growth.

Earlier this month the business revealed its bar division had made a pre-tax loss of £235k in 2018, up from a loss of £45k in 2017, as it expands its estate. Turnover grew from £24.2m to £34.9m over the year.

Eight bars have opened so far in 2019, with several more locations on the cards, including Dublin’s Silicon Docks and Cincinnati in the US. Brewdog is also due to open its first bar in India in either December or January after it signed a deal to open a series of bars in the country.