Bank of Scotland International launches stock market linked bond

Bank of Scotland International (BoSI) has launched a guaranteed bond linked to the stock markets of the Far East, Europe and the UK. The bond offers clients 10% fixed interest return after 12 months on half the investment. There will be a sterling and a dollar version of the product, with minimum investments of £10,000 and $20,000 respectively. The start date of the bond is 27 April 2006, with an application closing date of 21 April. Michael Chaytor, head of retail sales and service at BoSI, said the product invests 50% of capital for one year at a 10% fixed rate with the remainder in...