Legal & General bonds 'guarantee income return'
www.moneynews.co.uk > Legal and General > Legal & General bonds 'guarantee income return'
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Legal & General bonds 'guarantee income return'
Mon 14th May 2007
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Three and six-year capital guaranteed Legal & General bonds will ensure that investors will receive at least their original capital at the end of the fixed term, or 50 per cent of growth in the FTSE 100 index.
The Legal & General bonds will also offer a return of 25.5 per cent gross, depending upon which is the greatest amount.
Suggesting that the popularity of the first tranche of the Legal & General bond endorsed the group's approach, product development director at Halifax, Jamie Vale, said that some investors "prefer the option to have a fixed-term, rather than tie up capital for longer periods".
He added: "These guaranteed equity bonds demonstrate our commitment to produce transparent, value-for-money products, which we hope will help advisers grow their business profitably."
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