IOM Bank Offers 5% Fixed-Term Bond

by Carla Johnson, Investors Offshore.com

30 May 2006

Isle Of Man firm Bradford & Bingley International has announced the launch of a limited issue Fixed Rate Bond (Issue 22) paying up to 5.00%, maturing on 30th June 2008.

Purchasers can select either an annual or a monthly interest option, which can be paid away to a nominated bank account or can be paid back into the bond. Interest rates are tiered and fixed for the period of the bond. Subject to availability all Bond (Issue 22) applications must be received with funds cleared before 30th June 2006.

Managing Director, John Sheath says: "We are really pleased to be able to offer this bond with a top rate of 5.00%. We
expect this rate will appeal to a wide range of savers and anticipate that the take up of the bond will be quick. As this bond is limited issue, I would recommend that people contact us quickly."

Bradford & Bingley International Limited is licensed by the Isle of Man Financial Supervision Commission to conduct banking business and is a wholly owned subsidiary of Bradford & Bingley plc. Bradford & Bingley plc has given a legal undertaking agreeing to discharge the liabilities of Bradford & Bingley International Limited in so far as Bradford & Bingley International Limited is unable to discharge them out of its own assets and while Bradford & Bingley International Limited remains a subsidiary of Bradford & Bingley plc. Under Isle of Man legislation, deposits made with an Isle of Man office of Bradford & Bingley International Limited are covered by the Depositors Compensation Scheme contained in the Banking Business (Compensation of Depositors) Regulations 1991 (as amended).

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