BUSI­NESS OF IN­VEST­ING

IN­VESTORS TAKE NOTE

Saturday Star - - P E R S O N A L F I N A N C E -

FI­NAN­CIAL ser­vices com­pany Ec­spo­nent has pub­lished a prospec­tus de­tail­ing its do­mes­tic medium-term note pro­gramme. The notes of­fered on this pro­gramme are Jse-listed medium-term, fixed in­ter­est­bear­ing se­cu­ri­ties that of­fer re­tail, cor­po­rate and in­sti­tu­tional in­vestors ac­cess to su­pe­rior in­ter­est rates. There are mul­ti­ple op­tions, of­fer­ing fixed or float­ing in­ter­est rates of be­tween 9% and 12% a year and monthly in­ter­est pay­ments, with a fixed three-year ma­tu­rity. There is also a zero-coupon op­tion, of­fer­ing 10.66% a year paid at the end of the three-year term. The re­tail notes can be bought in R100 de­nom­i­na­tions with a min­i­mum in­vest­ment of R10 000. Once listed, they can be traded through the JSE. “These notes pro­vide in­vestors with an easy and in­ex­pen­sive al­ter­na­tive to re­ceive sta­ble in­ter­est in­come,” says Ec­spo­nent chief ex­ec­u­tive Terence Gre­gory.

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