Latest edition of Abbey bond 'unveiled'

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Latest edition of Abbey bond 'unveiled'

Abbey has unveiled the eighth editions of its capital guaranteed UK and Japanese equity bonds.

Offering guaranteed full return of capital once they reach maturity, the packages are on sale until July 27th.

The UK equity bond investment will provide 100 per cent of any growth in the FTSE 100 over three years or 120 per cent over five years.

The Japanese element of the equity bond will provide 120 per cent of any growth in the Nikkei 225 index over five years, with the starting date for both bonds being August 10th 2007.

Requiring a minimum investment of £3,000, the Abbey bonds are designed to fit within a wide range of tax wrappers, including Isas, transferred Toisas, Sipps and SSAS pension arrangements and offshore bonds.

Gary Dale, head of intermediary business at Abbey, said: "This latest issues reaffirms Abbey's commitment to having a constant presence in this marketplace. Each issue is developed by responding to intermediary feedback."

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