We’re very excited to let you know that Dozens’ 5% p.a. Fixed Interest Bonds are back and open for bidding.
We are starting with a £100,000 issuance this month and will then offer a bumper £1,000,000 next month. The deadline for your bids is Monday, 23 September 2019, and if your bid is successful, your bonds will be issued on 1 October 2019.
Make sure you’ve updated to the latest version of the Dozens app (1.6.5+) to have all the latest features and updates!
Head to the Grow section of the app to find the current offer when you click ‘Add bonds’ (then under Future Bonds).
If you have any questions about how the bidding process works, don’t forget to read about the listed bonds here, and if you still have questions, post it here in the community where we will do our best to answer them for everyone.
Don’t forget to read the legal details too:
The bonds are not FCA regulated products, and FSCS protection does not cover the bonds themselves. The interest offered by our fixed interest bonds, in the Grow section of the app, will not fluctuate even in different market conditions. However we understand that you will still need to be comfortable that as a new company, Dozens will be able to meet its financial commitments. Because of this, and to help build your trust in us we will place all of your money to be invested plus the full 12-months interest, in a separate trustee-controlled account on your behalf. This would be used to pay you in the event of any default on our part. The bond programme currently has a maximum limit of £7m, with expected issuance volumes of between £100k-£1m a month.
We are not a bank. We are authorised by the Financial Conduct Authority (FCA) as an e-money institution (FRN 900894) and also as an investment firm (FRN 814281)