In Brief: Equity-linked income bond

Saturday 09 October 1993 00:02 BST

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MIDLAND 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.

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In Brief: Equity-linked income bond

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