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Agree with the previous comments. I’m usually quite keen to put some money in these charity bonds - invested in the recent Greensleeves issue. It’s not so much the rate but being tied to that rate for 10 years - it’s just too long with the looming risk of inflation and rising interest rates. Wish them all the best though - it’s for an honourable cause.
IDealing have it listed, I’m sure Youinvest will follow soon - they usually take part. Interactive Investor probably not. I don’t use HL.
OSB bonds are old Kent Reliance PIBS now Perpetual notes of One Savings Bank. Their original rates have lapsed and are now floating rate notes. 1SBA=5yr gilt+3.4%. 1SBB=5yr gilt+4%. 5 yearly resets with option to be called on the reset date. Check the OSB website for the prospectus with all the details. I hold 1SBB only. They are both trading below par but the prices are fairly stable.
Agree with comments that this issue is probably safer than OSB bonds in terms of exposure to losses. Main risk here would be the inflation risk in view of the maturity length of 10-12 years. It’s always best to have a mix of different risks, maturities and sectors IMHO especially controlling exposure to financial service sector.
Be aware that these RCBs are illiquid. If you use AJBell you’ll have to phone to deal. I’m never able to get online quotes from AJBell for my RCBs(Greensleeves).