Anglo Irish to launch bond

Anglo Irish Bank in the Isle of Man is looking to launch a four-year multi asset class capital protected bond with an unusual feature - every 12 months it selects the best-performing asset class up to that point and locks in that performance, leaving the remaining asset classes to make up the performance in the following years. The Sterling Capital Protected Bond is set to launch at the start of February 2005 and will give investors exposure to UK property, US dollars, gold and UK equities with a minimum investment of £20,000. The bond invests in four indices: the FTSE 100, the Halifax Ho...