Good Morning,
What is the general consensus on purchase of PIBS, Subordinated Bonds etc?
I notice that Northern Rock and Bradford & Bingley are showing some juicy yields in their permanent bond offerings. As these are effectively a government owned organisation, there seems to be little downside of them going bust. Also Britannia is nearing 10% on some of its bonds. I am also led to believe that as these are paid out with corporate tax paid renders them free of personal income tax....is this so?
rgds....Ed
What is the general consensus on purchase of PIBS, Subordinated Bonds etc?
I notice that Northern Rock and Bradford & Bingley are showing some juicy yields in their permanent bond offerings. As these are effectively a government owned organisation, there seems to be little downside of them going bust. Also Britannia is nearing 10% on some of its bonds. I am also led to believe that as these are paid out with corporate tax paid renders them free of personal income tax....is this so?
rgds....Ed