Jesmond Mizzi Financial Services Limited has launched Sterling Income Bonds Portfolio-2007, a composite of investment-grade bonds, issued by foreign issuers, denominated in sterling that mature in three years' time. The total indicative return on the investment will be 5.2% per annum.

Company chairman Jesmond Mizzi said: "After the success with a similar service, which was launched last month, the company received requests from the investing public to launch a sterling bonds portfolio service with bonds maturing in three years' time.

"In view of potential increases in interest rates, investors do not wish to tie up their money for a long period of time, and therefore this service is aimed at investors with these concerns in mind."

The service will invest in investment- grade bonds thus giving the investor exposure to AAA to A+ grade bonds. Investors will get back their capital and the last interest payment in September 2007.

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 offer closes on October 28.

Applicable documents can be obtained from Jesmond Mizzi Financial Services Limited, at 67/3 South Street, Valletta (tel: 2122-4410), 25 Villa Eden, Princess Elizabeth Street, Ta' Xbiex (2131-900), or e-mail: info@jmfs.net.