In Brief: Equity-linked income bond
Friday 08 October 1993 23:02 BST
CommentsMIDLAND Bank is offering a second equity-linked income bond. It pays 7.5 per cent a year tax free, payable quarterly. If the FT-SE index grows by 7 per cent a year over the five-year life of the bond, then the capital will remain intact.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Already subscribed? Log in
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies