Has anyone applied, yield will be 7.6-7.8%
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Has anyone applied, yield will be 7.6-7.8%
7.62% and brokerage paid by SBS.
I'm tempted, but plenty of other opportunities about at present.
With a credit rating of BBB it's one notch below what I regard as acceptable.
I see the conversion to a monthly rate reset after five years as the equivalent of a bank savings account which you can only get out of via the secondary market - and I'd pick that such a sale would be at less than face value.
I like the initial rate, but I see the second half as being a bit on the risky side for my taste.
They may pay out after the initial 5.5 years.