A high-yielding bond for the bold

The return on this high-yielding corporate bond has slipped recently. But it could still be worth the risk for the bold investor, says Bengt Saelensminde.

It was seven months ago that I suggested you take a look at the Enterprise Inns 6.5% 2018 bond. In the quest for a decent return, this was a bond that offered a 12% yield (if you hold it until 2018). And it did rather nicely.

But recently it's slipped back a little. Today the yield is about 11.55%.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.