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:
Bonds are not FCA regulated products and FSCS protection does not cover the bonds. Dozens’ Fixed Interest Bonds are allocated, issued and administered by Dozens Savings Plc. The interest offered by Dozens’ Fixed Interest Bonds will not fluctuate even in different market conditions. All of your money to be invested, plus the full 12-months interest, will be placed in a separate trustee-controlled account on your behalf. This would be used to pay you in the event of any default. The bond programme currently has a maximum limit of £7m, with expected issuance volumes of between £100k-£1m a month.
Dozens is not a bank. Dozens is a trading name of Project Imagine Ltd which is a company authorised by the Financial Conduct Authority (FCA) as an e-money institution (FRN 900894) and also as an investment firm (FRN 814281).
Note: Dozens’ Fixed Interest Bonds are allocated, issued and administered by Dozens Savings Plc. For more information on Dozens Savings Plc and the bond process, please take a look at Dozens Savings Plc’s 5% p.a. Fixed Interest Bond terms which are available on our website and on the Dozens app.
OK, thanks everyone for your interest and excitement. The servers are red hot with all the interest in the bonds.
We apologise if you aren’t yet seeing the bid button, but do give it a try again and it should be fine soon. We have our engineering team working overtime on it. As you can see, there are still people getting through.
We’re certainly getting lots of bids in for this first issuance. Feels a bit like Glastonbury!
I’ve had some messages about this, so I should remind you that this is just the first, small and quick, issuance, and that there will be another one in October as well, and then the plan is to have them regularly after that as well, so if you happen to miss out now, or if you are not ready, there will be other opportunities.
Do read up on the bidding and allocation process in the explanation post (shared again for reference below) so you know what the bonds are about, and how we will process them all.
Thank you all for your support and your interest. And thanks to the enthusiastic bidders already for your perseverance.
Is there a way to see the full T&Cs before bidding?
It wasn’t possible to do this the last time the bonds were offered and it is the reason I didn’t bid.
With the ISA option, does interest earned stay within the ISA or does it get paid to a non-ISA account?
How will the S&S ISA function in relation to other Dozens investment products offered or soon to be offered as a S&S ISA? Will there be a single Dozens S&S ISA which can hold all the products, or will we need to have seperate S&S ISAs for different products (e.g. one for Bonds in the Grow section and a different one for Funds in the Invest section)? The latter would obviously mean you would not be able to subscribe to ISAs for Dozens Bonds and Dozens Funds in the same tax year.
Does the ISA support incoming cash transfers from other ISAs?
Interest from an ISA wrapped product will be paid into an ISA account
Yes, the same Stocks & Shares ISA will apply for any investment products in the Dozens app, so you can have different products with Dozens, but you cannot open a S&S ISA in the same tax year with another institution