Where would people suggest putting excess cash, which I don't want to allocate to equities.
I was looking at TSC5 5%, matures 21/11 which depending on price you pay (100.9) seems to equate to 3.25%. It is Tesco Finance credit.
PAG1 6% which you can get for just below par, matures 5/12/20. Clearly much higher risk with Paragon but a fair chunk of equity to go through first.
Or, if anyone has suggestions for prefs which are reasonably liquid. I have never touched these before,
AV.A was mentioned on a similar forum which is about 6.4% cumulative, apparently irredeemable at least until 2026 but with all those associated risks.
Any suggestions appreciated!