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Birmingham Mids 7.05% 1 year Bond
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SAGA's BM bondholders are being offered a return of the maturing funds by way of a BACS transfer into their nominated bank account.
So they aren't using cheques, but they do say it could take up to four days to arrive.
By inference, I would accurately take this to mean, that if you do bank with Bank of Scotland, then the 'four days' mentioned must surely be 'four business days after maturity'.
If you don't bank with the B of S and use someone like Lloyds TSB, Barclays or Natwest, then this will be 'three business days after maturity'.0 -
I've been put off both. Have just read this
https://www.emoneyfacts.co.uk/news/todayspapers.aspx?newsarticleid=1756910
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