The UK Post Office launched the fifth issue of the Guaranteed Equity Bond (GEB) on September 26. Like the other issues, the bond is structured by the Bank of Ireland. It is 100% guaranteed and comes in two different maturities: three or five years.
The five-year GEB pays 125% of the FTSE 100 while the three-year GEB pays 75% of any growth in the FTSE 100. The minimum investment is £500 per bond and both offers close on October 26.
The new launch follows the strong sales of the last issue, whi