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IoM Post And Bank Of Ireland Launch Global Equity Bond

by Carla Johnson, Investors Offshore.com

15 September 2006

Isle of Man Post in conjunction with Bank of Ireland (IOM) Limited has launched a new bond for Isle of Man residents.

The Global Growth Equity Bond is a 5 year fixed-term deposit bond that offers growth potential linked to the performance of 4 major global stock markets, including the FTSE 100, Nikkei 225, DJ Euro Stoxx50 and the S&P 500.

Investors will receive all of their initial investment under a capital guarantee, in addition to a 25% gross return after two-and-a-half years if the four indices grow by 20% or more on average during that time.

If these levels of growth are not achieved, the bond will run for the full 5 year term and returns will be based on a Participation Rate of 100% of the performance of the indices, adjusted by an averaging method.

The minimum investment is GBP2,500 (maximum GBP1 million), and the offer closes on September 29, 2006.

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