New Retail Bond Issue paying 12%

Extract From the DT
Investors are being offered an inflation-busting 12pc annual interest if they lend money to a finance company for five years via a “retail bond”
The fixed-rate bond, which will be traded on the London stock market like a share, is being offered by International Personal Finance, a listed “subprime” lender that operates largely in eastern Europe
Although retail bonds are considered safer than “mini-bonds”, on which savers lost millions of pounds through high-profile scandals such as London Capital & Finance, they are far from risk free

The offer closes on December 6. Several stockbrokers, including Hargreaves Lansdown, AJ Bell and Interactive Investor, are taking part in the offer.

The new bonds mark a return to life for the retail bond market, where there had been only one new issue since 2018

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