For some a while I have been investing in retail bonds. With yields in saving accounts being so poor these are an alternative. There is risk involved as they are a non-protected product and some of the companies issuing, although themselves listed, carry risk.
If you invest at inception not only do you get good yields but also the potential for a capital gain as generally they list on the LSE at a higher price when the initial offer closes. A good example is the Tesco 5% Bond which listed at 100p but is now priced at 103.5/104.45
Bruntwood Investments, a family-owned property business, has announced the launch of a retail bond with a 6 per cent coupon, secured against its property portfolio.
www.londonstockexchange.com/prices-and-markets/retail-bonds/newrecent/bruntwood-2020.htm
Clever clogs! Seymour gave me instructions but I'm obviously not doing something correctly. I'll hope for better luck next time.
Have you read the Bruntwood prospectus? I'm not exactly a whizz with balance sheets but it all seems to be a little on a knife edge. And being a family firm, when the chips are down the family will always come first. I think I'll give it a miss.