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Friday, January 17, 2014

Paragons fixed rate bond pays 6.125

This might interest some of you out there. Mortgage lender Paragon are issuing bonds paying a fixed 6.125 percent a year. The specialist BTL mortgage lender is looking to raise capital to help with further lending.

There is a minimum investment of £2,000, thereafter in £100 increments. Interest will be paid twice a year, January and July. These bonds are eligible to be held inside an Isa or pension account.

The bond matures in 2022, when Paragon will pay off lenders - if all is well.

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