Bank Of Ireland IOM Launches Index-Linked Anniversary Bond
A Bond that offers growth potential linked to the performance of
4 global stock markets, and the opportunity for early maturity has been launched
by Bank of Ireland IOM. Bank of Ireland (IOM) Limited opened its doors on the Isle of Man in 1981, and
the new Silver Anniversary Bond, launched in August 2006, marks the bank's 25th
year on the island. The bank is now recognised as the headquarters for Bank of Ireland UK Offshore
Operations and the company also includes Bristol and West International, based
in Guernsey. The 5 year fixed term deposit bond is capital guaranteed and growth potential
is linked to a percentage of the performance of 4 major global stock market
indices (FTSE 100, Nikkei 225, DJ Euro Stoxx50 and the S&P 500), adjusted
by an averaging method at the end of the fixed 5 year investment term. An early maturity feature will return 25% to investors on top of their initial
investment if the 4 indices selected grow by 20% or more after two-and-a-half
years. The bond has a minimum investment level of GBP5,000 and maximum amount of GBP1million. The limited offer has a closing date 29th September 2006, and may close early
if over-subscribed. A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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