A type of bond or preference share, issued at a discount to its redemption value. It offers no interest payments but which is sold at a discount to its redemption value. Thus in effect, the interest is paid at maturity in the redemption value of the bond.
Tax efficient investing with a choice of service; manage yourself or let us take control.
Ensure you have a vital balance of the investment requirement of your charity and the responsibilities of its trustee.
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Charities and Trusts