high-risk bond

Andrew Bailey was head of the Financial Conduct Authority when a high-risk bond scheme collapsed two years ago.

He amassed some of his wealth in the 1990s in electronics, aviation, imports, exports and high-risk bond markets.

Thousands of people who invested in a high-risk bond scheme marketed as a "Fixed Rate ISA" fear they have lost everything after the company collapsed.

High-yield, high-risk bond sales of $350 million this week are poised to fall short of the 2011 average of $6.77 billion for the seventh straight period, Bloomberg data show.