John Lewis Partnership bond issue closes

 The John Lewis Partnership has closed applications for its retail bond after reaching its investment target of £50 million more than three weeks ahead of the latest possible purchase date.

The bond, which was offered on a first-come-first-served basis, opened to subscriptions on 7 March and had a cut-off time of 5pm 11 April.

 Available to qualifying individuals (Partnership Card holders, Account Card holders and current Partners) with a lump sum of between £1,000 and £10,000 (in multiples of £1,000), the five-year investment product has a fixed annual return of 4.5% in cash with a further 2% paid in John Lewis Partnership gift vouchers.  

Charlie Mayfield, Chairman of the John Lewis Partnership, said: “The reaction of our cardholders and Partners has been extremely encouraging. To have reached £50 million of subscriptions in less than two weeks after launch shows that our customers and Partners valued a mix of gift vouchers and cash return totalling 6.5%.”

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John Lewis Partnership bond issue closes

 The John Lewis Partnership has closed applications for its retail bond after reaching its investment target of £50 million more than three weeks ahead of the latest possible purchase date.

The bond, which was offered on a first-come-first-served basis, opened to subscriptions on 7 March and had a cut-off time of 5pm 11 April.

 Available to qualifying individuals (Partnership Card holders, Account Card holders and current Partners) with a lump sum of between £1,000 and £10,000 (in multiples of £1,000), the five-year investment product has a fixed annual return of 4.5% in cash with a further 2% paid in John Lewis Partnership gift vouchers.  

Charlie Mayfield, Chairman of the John Lewis Partnership, said: “The reaction of our cardholders and Partners has been extremely encouraging. To have reached £50 million of subscriptions in less than two weeks after launch shows that our customers and Partners valued a mix of gift vouchers and cash return totalling 6.5%.”

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2 Comments

  1. My wife and I tried to get some of the bonds, but for some reason JL were unable to locate our account with them. Apparently this was not an isolated problem and a number of other account holders may have had similar problems. This is despite us being account holders for many years.

    We were told that they were trying to resolve the situation, but by the time we tried again they had reached their target so no luck for us. Attempts to raise this with them by telephone and on the website were met with messages saying that the target had been reached.

    • Michael Taggart

      Hello Mr Page,

      We are sorry to hear that you have had problems getting in touch – if you would like to email us on enquiries@mrm-london.com with your details we will get someone from John Lewis Partnership to call you as soon as possible.

      Michael Taggart,
      MRM