Dozens Savings Plc’s bonds have been designed to give early stage savers the option of investing into a higher return financial product with practically no risk. Dozens Savings plc, as bonds issuer, has earmarked funds for issuing at least £7m of Fixed Interest Bonds in issuances of £100k–£1m. Dozens Savings plc cannot sell more than it has each time. Also, it wants to ensure the 5% p.a. and the accompanying protection, can be enjoyed by as many people as possible. So there is a bidding system in place that prioritises smaller amounts.
In the Grow section of the app tap ‘Add a bond’, then follow the bidding process, stating the amount you’d like to buy. It only takes a few minutes. You will need to have the amount you want to bid available in your cash savings. You can place one bid per issuance. You have until the bid closing date to bid. You can change the amount at any time until then.
When bids are closed, all bids are ranked bids by size, prioritising smaller amounts. For two or more bids of the same value, the bid that came in first will be of higher priority. The bonds will be issued in the above order of prioritisation until the issuance limit has been reached. This is the cut-off point, bids beyond this will be unsuccessful.
Dozens Savings Plc will notify you before the bond issuance about whether or not your bid was successful.
Dozens’ Fixed Interest Bonds are allocated, issued and administered by Dozens Savings Plc.