Being a responsible investor, I just read the 5% bond terms while resubmitting my cancelled bid from April.
I notice that the bonds can be resold (with a hint that, in practice, this could only work between Dozens customers). I can see that it would be tricky - but presumably someone could seek to do this, perhaps getting back their original sum, plus some portion of the future interest - rather than just cashing in at face value, and losing the future interest.
I’d hate to see a system whereby every month the bonds sell out, and then a bunch of people who bought them to make a quick profit try and offload them at some small markup. But the idea that someone who’d bought a big bond, and needed to cash it out could sell it for an amount that included some of the outstanding interest would be good - especially in the current climate.
Has anyone actually done this? Is bond trading something we might see in-app in the future?