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Fixed Income Investments (Bonds, Preference Shares & PIBS) Information

What's New

ON FIXED INCOME INVESTMENTS BONDS & STOCKS RESEARCH SITE
8 Feb 2012 - Added In Defence of PIBS
1 Feb 2012 - Added Lloyds Banking Group Tier 1
24 Nov 2011 - Petition concerning Bank of Ireland and UK Post Office Savings at Bank of Ireland 13.375% Subordinated Bonds Campaign


This Fixed Income Investments Information website (www.fixedincomeinvestments.org.uk) is a project to provide hard to find information for private fixed income investors. It combines my own research into fixed income bonds and similar investments with the excellent information and resources which can be found online. The majority of the information relates to Subordinated Bonds, Preference Shares, PIBS (Permanent Income Bearing Shares) and Enhanced Capital Notes (ECNs) issued by United Kingdom banks, building societies and insurers. It will be developed over time with the aim of becoming a comprehensive online resource for investors researching fixed income investment opportunities. I hope you find it useful and will visit regularly.
 
This fixed income investments website is funded solely by advertising and donations so please look out for advertisers of interest or consider making a donation by PayPal via the link on the Advertising and Donations page.

STOP PRESS: Please complete my SURVEY to help with a project to provide a platform to reduce bid offer spreads and improve liquidity in many issues of retail bonds.

PLEASE sign the e-petition to help prevent the Bank of Ireland and Irish government confiscating the savings of thousands of UK pensioners invested in Bristol & West Building Society PIBS. Full details in Bank of Ireland 13.375% Subordinated Bonds Campaign

The following is a summary of the main sections of the site: 

Fixed Income Securities Prices, Yields and Key Data:

Fixed Income Stocks Spreadsheet - table listing a large number of popular subordinated bonds, preference shares and PIBS with current prices, coupons, yields, payment dates and links to prospectuses where available.
Lloyds ECN Prices and Details - table with current prices, yields and key details of all the  Lloyds Enhanced Capital Notes (ECN's) together with the results of the Lloyds Exchange Offer.
PIBS Prices & Details (Permanent Interest Bearing Shares) - a sortable table of all the main PIBS issues with current prices, yields and other key details including links to prospectuses where available.
Preference Shares Prices & Details (Finance Sector) - a table of the main issues of UK bank and finance sector preference shares with current prices yields and other key details.
Preference Shares Prices & Details (non Finance Sector) - a table listing a large number of UK listed preference shares issued by non-finance sector companies.
Lloyds Banking Group Tier 1 - a table of all Lloyds Banking Group Tier 1 securities.

Fixed Income Analysis Tools and Education:

Buying Fixed Income Securities - information on the various ways in which fixed income securities are traded and how private investors may be able to access better prices and execution.
Lloyds and RBS Coupon Blocked Securities - analysis of the effect of EC imposed coupon suspensions on a selection of LBG and RBS fixed income securities.
LBG & RBS Stocks Analysis - a sortable analysis tool for the main Lloyds and RBS preference shares and hybrid securities.
Fixed Income Terms Explained - explanations of many of the terms relating to fixed income investments.
Fixed Income Information Exchange List - join email list for the sharing of information and research with other investors.

Fixed Income Blog Comment, Research and Lobbying:

Bank of Ireland 13.375% Subordinated Bonds Campaign - campaign on behalf of holders of Bank of Ireland former Bristol & West PIBS
Fixed Income Investing Blog - a collection of articles I have written based on my fixed income research and investing.
Bradford & Bingley Subordinated Bonds - providing research and lobbying for a fair deal for holders of B&B subordinated bonds.
Northern Rock Subordinated Bonds - summary of research into Northern Rock Asset Management subordinated debt
Lloyds Exchange Offer Campaign - campaigning on various issues which resulted in unfair treatment of certain groups of Lloyds preference and subordinated bondholders under the Exchange Offer.
Fixed Income Investing Blog - a collection of articles I have written based on my fixed income research and investing.

External Fixed Income Related Links:

Latest News & Media Links - links to relevant media coverage of events related to fixed income securities and investing.
Fixed Income Discussion Links - a selection of links to good fixed income discussion forums.
Investor Relations Links - links to the fixed income investors relations sections of issuer websites. 
If you have any comments, suggestions for improvements to these resources or would like to contribute an article please let me know via the Contact Form.
 
I am continuously adding fixed income securities to the Fixed Income Stocks Spreadsheet so if you have stock you would like to suggest please submit it via the New Security Form on the side menu.

Recent Fixed Income Investing Blog Entries

  • In Defence of PIBS I have spotted a couple of recent articles in the Financial Times and Citywire which I feel are rather over-generalising a particular factor which only applies to a small ...
    Posted 8 Feb 2012 06:38 by Mark Taber
  • Subordinated Debt Thoughts for 2012 I thought I would start 2012 by taking a look at the main factors likely to affect subordinated bonds and preference shares during the year. With the combination of the ...
    Posted 11 Jan 2012 03:10 by Mark Taber
  • Bradford & Bingley and NRAM Tender Offers - with a sting in the tail Bradford & Bingley and NRAM today announced tender offers for all issues of their outstanding subordinated bonds apart from the largely retail held former PIBS. It is about a year since ...
    Posted 20 Nov 2011 14:55 by Mark Taber
  • A Heads Up from Lloyds for its Preference Shareholders The question of whether or not Lloyds Banking Group will resume coupon and dividend payments on its discretionary preference shares and hybrids when the EC suspension ends on 31 January ...
    Posted 11 Nov 2011 00:59 by Mark Taber
  • A Greek Tragedy Penned in Ireland If recent speculation by Bloomberg and Reuters turns out to be correct investors holding subordinated bonds of banks across the Eurozone may be nervously looking back at the fate of ...
    Posted 11 Nov 2011 10:20 by Mark Taber
Showing posts 1 - 5 of 46. View more »

Latest News & Media Links

  • B&B and NRAM announce results of Tender Offers 6 Dec 2010 - Tender offer results announced:   Results of Bradford & Bingley tender offer at:http://production.investis.com/bb_new/rns/rnsitem?id=3882680...Results of NRAM tender offer at ...
    Posted 7 Dec 2010 04:34 by Mark Taber
  • Northern Rock Asset Management Announces Tender Offer for Subordinated Notes 9 Nov 2010:  Northern Rock (Asset Management) plc announces tender offers to holders of its outstanding £20,000,000 12.625 per cent. Perpetual Subordinated Notes (ISIN: GB0001524957), £300,000 ...
    Posted 9 Nov 2010 14:48 by Mark Taber
  • Bradford & Bingley Announces Tender Offer for Subordinated Bonds 9 Nov 2010: Bradford & Bingley plc announces tender offer for three issues of its subordinated notes its outstanding £60,000,000 13 per cent. Perpetual Subordinated Bonds (ISIN: GB0002228939) and ...
    Posted 9 Nov 2010 14:40 by Mark Taber
  • Anglo Irish Asks Bondholders for Big Haircut Anglo Irish Bank announces liability management exercise which represent a big (80% for dated and 95% for perpetual) haircut for holders of its subordinated notes:   http://www.londonstockexchange.com/exchange ...
    Posted 25 Oct 2010 05:12 by Mark Taber
  • Kent Reliance Building Society announces restructuring proposals Kent Reliance Building Society, the UK's 12th largest building society, today announces proposals for a new structure for the Kent Reliance business that provides for substantial new capital investment ...
    Posted 3 Aug 2010 01:43 by Mark Taber
Showing posts 1 - 5 of 44. View more »