IOM Government Savings Bond

IOMG through various entities is paying large amount of interest payments at rates much higher than today's low rates. Could IOMG consider a savings bond similar to ones U.K. Government have issued, today's was 2.2% to replace some of higher rates of interest. This would also allow IOM residents to have a stake in IOM future and give them a higher return than they can obtain from Banks which may also give higher tax return.

There will probably be some early repayment penalties so these would have to be factored in as well as costs in bond issue but I consider worthwhile running some calculations.


Why the contribution is important

If IOMG can refinance at lower rates then the savings could be substantial given the debts outstanding at MUA

by Chrism on April 11, 2017 at 12:38PM

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