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Offshore Building Society Launches New Bonds

Yorkshire Guernsey, the Guernsey-based offshore subsidiary of the UK’s Yorkshire Building Society has launched two new fixed rate bonds. ...
Yorkshire Guernsey, the Guernsey-based offshore subsidiary of the UK’s Yorkshire Building Society has launched two new fixed rate bonds. The first bond offers a two year fixed rate of 5.35 per cent gross per annum to be paid on 31 October 2007 and 2008 with instant access to funds available from 1 November 2008. The second bond offers a three year fixed rate of 5.40 per cent gross per annum payable on 31 October 2007, 2008 and 2009 with instant access to funds available from 1 November 2009. The minimum investment is £10,000 ($18,900). Additional deposits may also be paid whilst the issues remain available to new investors only but early closure or withdrawals are not permitted prior to maturity.