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Corporate bonds

Wookster · 2009-02-10 16:41:19

Sometime ago I heard on the Today program about a novel new company. They arrange loans to companies - the consumer invests an amount with them which they then break up into chunks, which pooled with other chunks of cash is lent to companies at varying interest rates. I didn't get the name of the company though - anyone…

Comments

Primrose Posts: 10,721 Forumite

11 February 2009 at 12:20PM

As the lending/borrowing period options seem to be either 36 or 60 months, I'm wondering whether a larger level of defaults has not yet trickled through into the system. This is something which I would like to be reassured of before getting involved, especially now that rapidly rising unemployment could cause more defaults.

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