Provident Financial PLC has announced plans to issue up to £75,000,000 7.00 per cent Bonds due 2020.
We are pleased to offer you the opportunity to participate in this Offer, and apply for Bonds in Provident Financial PLC prior to their listing on the London Stock Exchange.
Anybody get this and if so thoughts on safety of investment - I aint invested in bonds previous (only shares) so appreciate some advice. I think they have more security than ordinary shares and as such at first glance this seems decent - agree / disasgree? Any watchouts and in event something like this is oversubscribed do they tend to favour big investors or like a spread?