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Chilango Bond

gizz_mo
gizz_mo Posts: 110 Forumite
edited 14 August 2014 at 11:54PM in Savings & investments
Hi

Wondering whether anyone has considered investing in the Chilango mini bond? The bond will pay 8% per annum, plus give a free burrito a week to anyone who invests more than 10k.

I've been umming and ahhhing about it, the 8% is tempting! plus the lunch 1 day a week adds another £6 a week.

Has anyone invested or considered it but decided not to? They have extended it to the 26th August as they have raised £1.8m already.

Chilango - The Burrito Bond raising £1,000,000 investment ...
https://www.crowdcube.com/investment/chilango-the-burrito-bond-15934 Cached
Chilango is a London chain of 7 fast-service Mexican restaurants serving award-winning burritos, tacos, salads and more. We're raising money through the Burrito Bond ...

Comments

  • jimjames
    jimjames Posts: 19,264 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If they're raising in dollars then you have currency risk too.

    Personally I'd prefer investment I'm funds not one company as that rate implies more risk.
    Remember the saying: if it looks too good to be true it almost certainly is.
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