IIB Bank offered bonds refund to unhappy investors

IIB Bank last month volunteered to give disgruntled investors an early refund of the lion’s share of their initial investment in certain tracker bonds, The Sunday Business Post has learned.

12th April, 2008

IIB Bank last month volunteered to give disgruntled investors an early refund of the lion’s share of their initial investment in certain tracker bonds, The Sunday Business Post has learned.

IIB confirmed it had offered investors the option of an early refund of 92 per cent of their original investment in its Growth Advantage Bond plus the growth the bond would have enjoyed for the full term. Hundreds of wealthy investors who had...

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