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Abbey issues first commercial property bond

Abbey has launched a capital guaranteed commercial property bond and three further capital guaranteed deposit accounts.

The four bonds offer guaranteed full return of capital at maturity and Abbey says the commercial property-linked bond is the first of its kind to be launched in the UK.

The other three bonds available are a residential property bond, UK equity bond and Japanese equity bond. Different benefits are available depending on the underlying index of the bonds.

The commercial property bond offers the option of a five or seven and a half year investment offering 100 per cent or 125 per cent of any growth of the FTSE All UK Property Index.

The minimum investment in the bonds is £3,000 and the bonds are available until January 12 2007.

Abbey Financial Markets head of intermediary business development Gary Dale says: “In our discussions with intermediaries, it became clear that a commercial property-linked investment which offers a capital guarantee was something that could appeal to many investors.”

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