Three and a Half per cent War Bonds

Adyc

Hello,

My wife and I have been having a bit of a New Year clear out, whilst doing this we came across some war bonds. These were in my wifes grans name now deceased, as are her parents, so there is a line of probate. I looked at this article https://www.telegraph.co.uk/investing/bonds/ask-expert-discovered-old-war-stock-worth/
and was just wondering how to go forward. It is not more than five thousand pounds, but is in the thousands. I have checked with compushare and the bonds have not been redeemed. In 2015 she had passed away, and the bonds would have been registered to her at her old address.
Any advice gratefully received.

xylophone

The linked article explains how to proceed.

You can send a letter to British Government Stocks (Gilts), Computershare Investor Services, The Pavilions, Bridgwater Road, Bristol, BS99 6ZW or phone 0370 703 0143 between 9am and 5pm. You can also email gilts@computershare.co.uk.

Any bondholders who are still alive can them claim the redemption value. In your case, as your grandmother has passed away, you would need to update the bond register with the new legally appointed representatives.

Jonathan_Kelvin

I’d not want to redeem when the coupon is so far above the yield. Get your missed coupons back, then keep them or sell them.

Adyc

Sorry Janathan, this is why I posted, I don't understand what you mean by the "Get your coupon back"?

Vortigern

Adyc wrote: »

Sorry Janathan, this is why I posted, I don't understand what you mean by the "Get your coupon back"?

The 'coupon' is the interest paid by the bond, so Jonathan is suggesting that you might be able to claim some unpaid interest.

He also suggests that you might want to keep the bond, to keep on earning the interest. I don't believe this is possible as the Government redeemed all of the war stock on 9 March 2015 and no interest would be paid after that date.

xylophone

I don't believe this is possible as the Government redeemed all of the war stock on 9 March 2015

As is made clear in the link provided by the OP in the first post!


https://www.telegraph.co.uk/investing/bonds/ask-expert-discovered-old-war-stock-worth/

However, the Government redeemed all of the war stock on 9 March 2015 to repay the nation’s First World War debt, paying any bond holders the face value of the bond.

Vortigern

xylophone wrote: »

As is made clear in the link provided by the OP in the first post!

...and clearly Jonathan Kelvin had not followed that link!