ONE Financial is extending the offering period for Series 2 of the ONE Financial All-Star Portfolio Notes by two weeks to November 28, in response to significant demand from investors.
ONE Financial’s CEO Jeffrey O’Brien says that the strong investor response to the notes reflects the growing demand for principal-protected, equity-linked products. He said that the company expects to have raised between $100 and $150 million in the All-Star Portfolio Notes series by the closing of this second offering.
The notes are debt instrument with the potential to deliver equity-like returns through a link to the performance of some of Canada’s top-performing mutual funds. They offer the potential for enhanced performance, are 100% principal protected and provide a guaranteed minimum return of 7% at maturity.