page contents
Breaking News
Home / Money / Would you invest in a ‘burrito bond’ offering returns of 8pc – but no protection for investors?

Would you invest in a ‘burrito bond’ offering returns of 8pc – but no protection for investors?

Savers hunting for returns in an era of low interest rates may be tempted by a trio of new bonds paying up to 8pc a year.

The high return is offered by the return of the so-called “Burrito Bond” by Chilango, the Mexican restaurant chain.

The four-year mini-bond can be taken out with £500, and has no upper limit. Interest is paid twice a year. At the end of the four-year term investors can either get their initial investment back or extend it for another year.

Chilango wants to raise money to open more restaurants, which cost £500,000 each. It wants to raise at least £1m, but if it gets more, then it will simply open more restaurants or refinance existing debt.

If investors put in £10,000 then…

About admin

Check Also

No-deal Brexit: why your investments could soar in value

A no-deal Brexit could boost the value of your investments, experts have said, as expectations …

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: