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Bank of Ireland unveils International Kick-Out Bond

Bank of Ireland, in conjunction with its branch Bristol & West International, based in Guernsey, has launched the international kick-out bond.

This is a fixed term, five year bond that will give investors the opportunity to benefit from growth potential linked to the performance of FTSE 100, Nikkei 225 and DJ EuroStoxx50, three major global stock market indices. The new bond also has the reassurance of a capital guarantee and an early maturity / kick-out feature.

With the Bank of Ireland Capital Guarantee investors will receive all of their initial investment, plus a gross return of 8.25%, payable for each year the bond is held if the three indices are at least equal to their initial levels. The product, with a minimum investment level of GBP5,000, is only available for a limited offer period and will close on December 24, 2007.

Niall Carey, head of sales, Bank of Ireland Offshore, said: We believe that our latest product offering will prove to be popular with those investors who are looking to benefit from the solid growth potential this product offers without the risk of losing their capital. The early maturity feature available on the bond means that, provided the three indices selected are at least equal to their start levels on a given anniversary date, the bond will mature early and pay investors an attractive return.