Bristol & West European property investment bond launched

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Bristol & West European property investment bond launched

Bristol & West is offering a new four-year guaranteed bond through Tenon Financial Services.

The new European property-linked investment provides the chance to earn interest based on the performance of Europe's leading property investment companies.

Bristol & West claims that the new product offers a new opportunity for risk adverse investors, who may be disappointed with returns from their savings accounts. The bond is offered exclusively through independent financial advisor Tenon from July 11th until September 9th 2005.

During the offer period, and until the start date, interest will be calculated daily at a fixed rate of 4.5 per cent Gross/AER and the term of the product is four years. The investment minimum for individuals is £5,000, which is the same for companies, charities, trustees of a trust and SIPP/SSAS. Additional investments are only permitted during the offer period.

Josh McDonald, national sales manager at Bristol & West Structured Products, said: "We are pleased to be joining up with Tenon Financial Services to exclusively offer their clients 'The European Property Growth Bond', which is a great opportunity for investors. Property has provided a consistently good return in the past and we expect this to continue in the future."

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