Two new sterling income bonds

Jesmond Mizzi Financial Services Limited (JMFS) has launched two additional discretionary portfolio investment services.

The Sterling Income Bonds Portfolio - 2008 and 2009, denominated in sterling, are composites of investment grade bonds by foreign issuers. The bonds portfolio matures in two and three years, respectively, with a total indicative return of 5% and 5.1% per annum, respectively.

Jesmond Mizzi, chairman of JMFS, commented: "The investing public continues to seek quality bonds on the international markets maturing in the short term.

"Maltese investors, particularly those who hold sterling, are not attracted to switch currency as the rate of interest in this currency continues to be higher than other currencies. For the same reason investors with local currency who wish to diversify their currency exposure are also attracted to sterling,"

These discretionary portfolio services will invest in investment grade bonds thus giving exposure to AAA to A grade bonds. Investors will get back their capital and the last interest payment in October 2008 and September 2009, respectively.

The indicative return per annum is based on the current yield to maturity of the bonds forming part of the portfolio and is subject to market movement until the pricing date when it will be fixed and advised to investors.

Potential investors may participate with a lump sum investment of at least £3,000 or other currency equivalent. The Income Bonds Portfolio has a limited offer period.

Redemptions on maturity of the capital invested in the underlying bonds depend on there being no default by the bond issuers. Early redemptions may not be honoured and could result in a loss on the amount invested. A one-time charge of 1.25% will be incurred by investors.

The Sterling Income Bonds Portfolio - 2008/2009 are two discretionary portfolio management services provided by Jesmond Mizzi Financial Services Ltd, which is licensed by the Malta Financial Services Authority to conduct Investment Services business.

For more information contact JMFS at 67/3 South Street, Valletta, tel: 2122-4410, 8007-2206, info@jmfs.net or www.jmfs.net