In the absence of any new bond issues, this may interest some....
UIL is a Finance company that use biennial ZDPs as gearing for their investments. The initial Share issue price is 100p with the final redemption price being 152.29p on 31/10/28. This gives a Gross redemption Yield of 5.75% per annum. You are currently able to subscribe through Eqi.
I will probably have a moderate punt, unless someone out there can find a compelling reason why I shouldn't !! Any profit from selling these is classed as a capital gain, so I can hold outside of my SIPP and ISA, but still not pay any tax (I am never close to exceeding my tax allowance).
Comments
Euro17 if you're a real investor then 'caveat emptor', if you're simply trying to push UIL, then please leave us alone.
I am just a humble investor who has been a member of this site since 2013. There are many threads on this site bemoaning the lack of ORB bond issues over the last couple of years. I was just trying to flag up a new issue (be it a bit left field) that pays 5%+ and is currently being marketed by Equiniti. I was hoping to strike a neutral tone by only giving some bare facts and allow people to do their own research (which clearly, you have done).