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London Pacific bonds with US

Jersey-based London Pacific Assurance has introduced the guaranteed US dollar bond.

The product is a guaranteed offshore bond which has been designed with the risk averse investor in mind who wants to add a low-risk product to an existing portfolio and who is attracted by a guaranteed return.

The guaranteed US dollar bond will run for three years and will invest in a spread of US corporate bonds which have a rating of BB and above. No details are available yet of which companies the bonds will be bought from.

Investors will receive a yield of 6.25 per cent a year. Regardless of what happens to the underlying bonds, at the end of the three year term the bond will return all of the original capital.

As a limited offer it will be withdrawn when it is fully subscribed. London Pacific feels that with interest rates low and inflation even lower, the bond will provide a good return for investors.

The bond is quite competitive when compared to some of the other guaranteed products on the market at the moment. One example is the stockmarket income bond from AIG Life, which invests in the much riskier Nasdaq 100 bond and returns the capital in full at the end of the term, even if the index falls.


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