Lloyds TSB releases corporate bond for retail investors

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Tuesday, 08 June 2010 12:00

A new fixed rate corporate bond has been launched by Lloyds TSB, which has been released specifically for retail investors.

The Lloyds TSB Bank bond is the first such scheme to be issued under Lloyds Banking Group and will offer people the chance to invest in a product that was recently only accessible to institutional investors.

It provides a fixed rate of 5.38 per cent per annum and can be purchased at a minimum of £1,000 and payments of £100 after that.

Head of capital markets insurance at the organisation Richard Shrimpton commented: "We are delighted to offer retail investors access to a product that guarantees a great rate of return without locking away capital."

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