HSBC Bond

MarcoM

Hello,

HSBC Bank plc Share Price (BR06) 6.5% 2023 | BR06 (hl.co.uk)

Just wanted to know what the view is on these boards for bank corporate bonds such as the one I have linked.

Regards

Linton

The one linked does not seem very exciting.  It costs £103.45.  In about 9 months it gives you £100+£6.5 so a net profit of £3.05 or as a % of cost that is 2.9%.  Is it worth the hassle?  Are there any charges?

MarcoM

Linton said:

The one linked does not seem very exciting.  It costs £103.45.  In about 9 months it gives you £100+£6.5 so a net profit of £3.05 or as a % of cost that is 2.9%.  Is it worth the hassle?  Are there any charges?

If I read HL correctly I think overall the charge is 1% yearly about 0.5% each between platform and hsbc.

masonic

MarcoM said:

Linton said:

The one linked does not seem very exciting.  It costs £103.45.  In about 9 months it gives you £100+£6.5 so a net profit of £3.05 or as a % of cost that is 2.9%.  Is it worth the hassle?  Are there any charges?

If I read HL correctly I think overall the charge is 1% yearly about 0.5% each between platform and hsbc.

I don't think you've read the information at HL correctly. There would be a trading fee and then their standard capped custody fee (no charge for Fund & Share account) for exchange traded investments.

Why take on any default risk, when you can get a FSCS protected fixed term account paying a higher return?