Scam alert: Bank of Ireland Green Energy Bond paying up to 7.75% p.a.

P

podgerodge

Registered User
Messages
1,062
EDIT TO MY ORIGINAL POST, THIS IS A SCAM.


Thoughts?

Dear Customer

Please find attached our investment brochure including information on our latest tax-free 100% green energy fixed-rate capital secure bond paying up to 7.75% P.A

Key Benefits of this Bond

This bond suits short-term income seekers looking for an appropriate rate surpassing retail banking rates.

Bank of Ireland Green Energy Bonds are fixed for the period of the bond. You cannot receive any more or less than the interest on the bond. Fixed Income bonds have to pay interest on the given date.

Tax-Free 100% Green energy

Bank of Ireland is one of the few institutions that provide 100% certified green products. There are lots of products that fall under the "Green" umbrella yet only allocate a piece of the total capital raised to green projects.

The Bank of Ireland fixed-rate green investment bond differs, as we allocate 100% of the capital raised to green projects in the chosen geographical regions. This ensures that the Bank of Ireland fixed-rate green investment bond is 100% income and capital gains tax-free.
.
Third-Party Asset Backed Insurance & Capital security

The Bank of Ireland fixed-rate green investment bond has an unenhanced credit rating of Aa1 and is fully insured by the Society Lloyds. All principal capital and interest payments owed and in the future are covered to the value of 125%. Bond insurance is a type of insurance purchased by a bond issuer to guarantee the repayment of the principal and all associated scheduled interest payments to the bondholders in the event of default.

This bond is sold on Par and is price-protected and capital-secure. Investments made into this option have a contractual buy-back price guarantee in the purchase agreement. Bank of Ireland will contractually guarantee all deposits up to €100,000.00 with a buy-back guarantee.

Rates & Features

❖ 1-year term with a fixed rate of - 5.95%
❖ 2-year term with a fixed rate of - 6.55%
❖ 3-year term with a fixed rate of - 7.15%
❖ 4-year term with a fixed rate of - 7.75%
❖ Interest paid annually
❖ Aa1 rated investment grade
❖ Tax-free interest due to all funds raised being 100%
Green Projects
❖ 10k min. Capital 100% secure
❖ Eligible deposit. Protected up to 100k by the DGS
 
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Mea culpa guys, a friend emailed me it looking for a view, and I simply pasted it here, without thinking too much about it or reading it too carefully. But thought it seemed all a bit too easy!

Here is the attachment PDF (which i have not read either! - but it is clearly a mock up and unprofessionally done by somebody at home!)

And the bottom of the email (Note- i used an old device to go to boi.eu.com and it came back with garbage!)

 

Attachments

  • BOI Investor Mandate 2023.pdf
    1.7 MB · Views: 316
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Where did your friend get it from?
Might be an idea to report it to BOI.

Report Fraud - Bank of Ireland Group Website

Please get in touch with us if you: shared your online login, card or banking details in response to a suspicious call, text or email; believe your card has been lost or stolen (top tip - if you think you might have just misplaced your card, you can temporarily freeze/unfreeze…
www.bankofireland.com

Update from Brendan: I have reported this to 365security@boi.com and Charlie Weston
 
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podgerodge said:
He just told me ....junk mail folder.
Click to expand...

Hi podge

Could you clarify with him when and where he got it from.

Others will fall for this and will lose a lot of money.

If it's recent, if you tell me a bit more about how he got it, I will alert the media who might run the story.

Brendan
 
Sure, will do. I do think it's a pretty good effort, despite the typos etc. and passed my casual glance at it, leading me to posting it on here (doh!).
 
podgerodge said:
despite the typos etc.
Click to expand...
Interestingly, the typos in scams like this are largely intentional, a type of filtering system Cast a wide net, and the people who contact you despite the typos will be easier to con further.

The BOI UK logo is a red flag on an Irish product, the references to a bank that doesn't exist (BOI EU and UK), very inconsistent formatting - some of it is copied & pasted from a genuine HSBC brochure, complete absence of contact details. Then footnotes on last page that aren't linked to anywhere in the brochure.
 
RedOnion said:
The BOI UK logo is a red flag on an Irish product
Click to expand...
A few that I noticed immediately:
  • "Bank Of Ireland EU and Uk": "Of" not "of" and "Uk" not "UK"
  • "realize": US English spelling - admittedly becoming more commonplace in the civilized world theze dayz
  • "excepted": q.v.
 
@Brendan Burgess

So I checked the email, it's header is:

From: Bank of Ireland Green Energy Bond
Code: 
 alex.ryan@boi.     eu.        com

Subject: 7.75% Tax free Green Energy Bond

Date: 4 October 2023 at 13:20:20 IST
 
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