New product from Bank of Ireland offshore

Bank of Ireland (I.O.M.) Limited, in conjunction with its branch Bristol & West International, based in Guernsey, has launched the Global Growth Bond.

This is a short term (three year) Bond that gives investors the opportunity to benefit from the growth potential of four major global stock market indices (FTSE 100, Nikkei 225, DJ EuroStoxx50 and S&P 500), with a potential return of 28% gross after three years.

If the four indices selected increase on average by a modest 10% at the end of the three year investment term then the investor receives a gross return of 28%. The Bank of Ireland (I.O.M.) Limited Capital Guarantee means that at maturity the full amount invested will be returned to the investor, regardless of stock market performance.

The product has a minimum investment level of £5,000 and is only available for a limited offer period which will close on 21 September 2007.

Commenting on the launch David Gilpin, responsible for Marketing and Product Development at Bank of Ireland Offshore, said: "Our shorter term products have proved to be extremely popular with investors in the past and we believe that this latest product will appeal to investors who are looking to benefit from the excellent short term growth potential that this product offers without the risk of losing capital."