Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Investing

RBS launches new bonds on London Stock Exchange’s retail bond market

The London Stock Exchange today welcomes the launch of two new corporate bonds to its Order book for Retail Bonds (ORB), issued by the Royal Bank of Scotland (RBS). Launched in February this year ORB offers private investors simple, transparent access to investment in individual fixed income securities.

Global Banking And Finance 1 News

RBS has today listed an Inflation Linked Bond and a Floating Rate Bond; each instrument will offer a minimum return of 3.9 percent with the quarterly coupon rising with inflation or interest rates accordingly.

Pietro Poletto, Head of Fixed Income Markets at London Stock Exchange Group, said:

“We are delighted to welcome two new RBS bonds on to our Order book for Retail Bonds today. The ORB market gives private investors the opportunity to access a wide range of corporate bonds and these latest issues – offering tools to reflect both inflation and interest rates – will further add to the diversity of bonds on our order book.”

The new RBS bonds will also be the first on ORB to be quoted in terms of their ‘dirty’ price. On ORB prices for all other bonds are currently quoted on a ‘clean’ basis. This follows the standard quoting convention in the institutional bond markets. A ‘clean’ price is one where accrued interest is not included. The ‘dirty’ price is the clean price plus the accrued interest. Factsheets on ‘clean’ and ‘dirty’ pricing and the calculation of accrued interest are available on the London Stock Exchange website.

Launched on 1 February 2010 in response to strong private investor demand for greater access to fixed income, the new order book now offers simple, transparent access to 50 UK gilts, 88 corporate bonds and three supranational bonds all tradable in easily manageable sizes. Bonds currently available for trading include securities issued by Lloyds TSB, Provident Financial, Tesco, BT, National Grid, GlaxoSmithKline, Unilever, Vodafone, Marks & Spencer, Kingfisher, Rolls Royce, Centrica and Imperial Tobacco.

 

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post