What is a bond?
A bond is a loan in the form of security within financial markets where an authorised issuer owes a debt to the holder of the bond, which must be paid back. The original amount is called the principal and any interest which is paid is known as the coupon. The date when this repayment takes place is known as the maturity date.
How much do Bonds cost?
The price (Placing Price) will be a minimum of £10,000 each.
How many Bonds will I get?
You will get one Bond for every tranche you invest.
What’s the minimum and maximum investment I can make?
The minimum you can invest is £10,000 and the maximum is £25,000,000.
Can I invest if I’m not from the UK?
Yes, you can but you may be affected by the laws of the country you live in or are a citizen of. You are advised to consult a professional adviser prior to making any application. Unfortunately, US persons and citizens of and residents of Canada, Australia, Japan, South Africa and Singapore are not eligible to take up investments.
How is my interest paid to me?
You are due to be paid by bank transfer into the bank account you nominate. This bank account must be in your name, or the name of your legal representative if you are not able to hold a bank account in your name.
Is tax deducted from the interest you pay me?
No, you need to declare your own tax on self-assessment.
Are the bonds transferrable?
The Bonds are not transferable.
What happens if I die?
If you die, the value of the Bond will be included in your Estate. Your Executor will need to contact the Bond Registrar. If you are the underlying member of a SSAS fund and die or are declared seriously ill, your bond will be redeemed without penalty.
What is the maturity date?
The date on which the issuer has to repay the nominal amount. As long as all payments have been made, the issuer has no more obligations to bond holders after the maturity date.