Each Fractional Bond has different interest rates, maturities and specific terms. We offer Fractional Bond denominated in Sterling and Euros.
You can view the summary terms of each Fractional Bond by clicking on each company listed in the Invest page and reviewing the section on the terms of the Fractional Bond in the company description page.
The final sale price of the Fractional Bond may not always reflect the price at which WiseAlpha plc acquires its interest in the relevant underlying corporate bond. WiseAlpha plc may on occasion acquire the underlying bond at a discount to the price at which it offers the Fractional Bond for sale to members.
An example of this would be WiseAlpha plc purchasing an underlying bond from a Selling bank at 99 during an early syndication round and then placing it for sale on the WiseAlpha platform at 100.