New 'secure' bond paying 6.5% interest a year

Updated

Savers have struggled to generate decent returns from their spare cash for years now, which is why many take risks to boost their income by buying company IOUs, known as bonds.

To take advantage of this rising demand for high-income bonds, lots of companies have started issuing retail mini-bonds aimed squarely at private investors. However, these bonds would be more popular if companies would offer nervous investors more security, both for their capital and income.
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