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Northern Rock issues fifth guaranteed bond

Northern Rock is launching a guaranteed equity bond linked to the FTSE 100.

The guaranteed equity bond issue 5 offers investors returns equivalent to 90 per cent of the percentage rise in the FTSE 100 over three years or 115 per cent over five years, depending on the option chosen.

The minimum investment is £5,000 and the maximum is £2m. All deposits must be received by September 16.

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