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Bank of Ireland launches offshore bond

Bank of Ireland Offshore has launched a global growth bond in conjunction with Bristol & West International.

Based on the Isle of Man, the short term bond aims to benefit from the growth potential of four major global stock market indices, FTSE 100, Nikkei 225, DJ EuroStoxx50 and S&P 500, with a potential return of 28 per cent gross after three years.

If the four indices increase on average by 10 per cent at the end of the three-year investment term, the investor will receive a gross return of 28 per cent.
The Bank of Ireland Capital Guarantee ensures that at maturity the full amount invested will be returned to the investor, regardless of stock market performance.

The product has a minimum investment level of £5,000 and is available until September 21, 2007.

Bank of Ireland Offshore marketing and product development David Gilpin says: “Our shorter term products have proved to be extremely popular with investors in the past and we believe that this latest product will appeal to investors who are looking to benefit from the excellent short term growth potential that this product offers without the risk of losing capital.”


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