KEY INFORMATION

ISINGB0002404191TIDMTR28ExchangeLSEPar Value
£100Maturity Date7/12/2028
Coupons per year2
Next coupon date7/6/24

Coupon 6%Income
Yield 5.54%
Gross redemption yield 4.10%
Accrued interest 206.56p
Dirty Price£110.04

U would like to invest your cash to earn some interest, u need the cash for a special reason at the end of 2028 and therefore cannot risk losing the capital but u would like the interest to re-invest in your Snowball.

Most Government debt (gilts) can be bought thru your broker, AJ Bell charges £5 and u just need to leave an order, which is filled very quickly.

The yield u will receive is 5.54% but u have to pay the holder for the accrued dividend, so the redemption yield is 4.1%.

Next payment 7 June. If u hold to redemption, u don’t need to do anything as the money will be paid into your account. Nearer the redemption date u could probably sell in the market for most of the redemption value. Interest tax free if held within a tax free wrapper. If u wanted to achieve a blended yield of 7% u would need to pair trade it with similar to RECI.