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Blackmore Bond misses another payment deadline

Blackmore Bond has missed another interest payment deadline, prompting renewed fears for the property minibond outfit.

Blackmore missed a deadline in July, and then another in October. In November it promised to make a payment to investors by the end of December.

The firm has raise more than £25m selling high-risk, high-interest unregulated minibonds to invest in property developments around the country.

It has blamed a slowdown in property sales for its late payments.

The Times (£)

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