InterNotes available in UK

UK investors can buy individual corporate bonds direct through the InterNote system launched into Europe last week by Incapital Europe. With a minimum investment of e1,000 or $1,000, InterNotes are offered to the market at par price with a set coupon and redeemed at that price. This increases transparency and eliminates downside risk in relation to collective corporate bond vehicles, according to managing director of Intercapital Europe Roy Fraser. 'When buying into a corporate bond fund, there are initial and annual management fees to pay,' he said. 'The portfolio is typically open-en...