BUSINESS OF INVESTING

INVESTORS TAKE NOTE

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.