For a limited period time – from 7 March to 11 May 2020 – we are inviting people to support us by investing in Jazz.Coop bonds. This should improve the financial position of Jazz.Coop and help to secure the future of Tyneside’s cooperatively owned music venue, The Globe.
Bonds are a form of borrowing that allows investors to loan money directly to the business and receive a fixed return over a set period of time, with the initial investment returned at the end of the prescribed duration. They are in effect IOUs which the business sells to investors.
Jazz.Coop is offering five-year bonds with investors earning annual interest payments during the life of the bond. At the end of the term, the investors can either receive their initial investment back or reinvest it in further bonds.
These bonds confer no voting rights or other control over the cooperative. Interest on these bonds is paid annually. Unlike some loans, the capital is repaid in full at the end of the term rather than as regular repayments.
For full details about this bond offer please download our bond offer document. There is a postal application form at the end of the document. You may also apply for bonds using the online form below. You can pay for your bond in the following ways:
- Transfer money to our bank account (account number 65719226, sort code 08-92-99). Please include ‘your name + BOND’ as a reference.
- Send a cheque (payable to Pink Lane Jazz Co-op Ltd) together with a completed application form to: The Secretary, Pink Lane Jazz Co-op Ltd, 71 Highbury, Newcastle upon Tyne, NE2 3LN.