Irish Permanent has launched a new tracker bond with the potential to earn up to 22 per cent gross over two years with 90 per cent security.

The bond is called the Irish Permanent Global Equity Bond (Issue 5). It is linked to the Nikkei 225, Eurostoxx 50 and the S&P 500 indices. The minimum investment for the bond is £2,000 and the closing date for investments is April 6th.