Places for People - New Issue

Gilts, bonds, and interest-bearing shares
Laughton
Posts: 13
Joined: November 6th, 2016, 2:15 pm

Places for People - New Issue

Postby Laughton » November 29th, 2016, 3:06 pm

New Retail Bond Launch: Places for People Finance plc 4.25% 2023

88V8
2 Lemon pips
Posts: 169
Joined: November 4th, 2016, 11:22 am

Re: Places for People - New Issue

Postby 88V8 » November 29th, 2016, 7:51 pm

4.25% ?
Unless one is really scratching around for diversity, surely not worth getting out of bed for.

V8

thebarns
Posts: 37
Joined: November 4th, 2016, 12:56 pm

Re: Places for People - New Issue

Postby thebarns » November 30th, 2016, 9:01 pm

Agreed that it appears to be a paltry rate, however the gross redemption yields on many of the safer usual retail corporate bonds are under this.

stevensfo
Lemon Pip
Posts: 69
Joined: November 5th, 2016, 8:43 am

Re: Places for People - New Issue

Postby stevensfo » December 2nd, 2016, 8:24 am

A year ago, it may have been interesting, but with RPI inflation now at 2% I wouldn't want to tie myself in for 7 years. Even Ratesetter is giving average 5.5%.

Steve

hiriskpaul
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Posts: 113
Joined: November 4th, 2016, 1:04 pm

Re: Places for People - New Issue

Postby hiriskpaul » December 3rd, 2016, 11:17 pm

stevensfo wrote:A year ago, it may have been interesting, but with RPI inflation now at 2% I wouldn't want to tie myself in for 7 years. Even Ratesetter is giving average 5.5%.

Steve


You would not be tying yourself in. You can sell within seconds of buying once secondary market trading starts.

I have not looked into this properly and will not be subscribing, but similar new issues have subsequently traded at a premium. I would not be surprised to see that happen with this.

stevensfo
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Posts: 69
Joined: November 5th, 2016, 8:43 am

Re: Places for People - New Issue

Postby stevensfo » December 4th, 2016, 11:35 am

You can sell within seconds of buying once secondary market trading starts.


Yes, you're absolutely right, but I'm more a LTBH person and anyway, to deal in bonds, I'd have to do it by phone which isn't always easy at work. I've never understood why brokers won't allow bonds to be bought and sold online.


Steve


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