Investing
Online Brokerage Public Lets Individual Investors Buy Pieces of Corporate Bonds
- Investment grade, high-yield bonds will be available
- Public users inquired about corporate debt after T-Bill launch
This article is for subscribers only.
Retail investors on Public Holdings Inc.’s brokerage will be able to buy slices of corporate bonds just like they do with stocks, bringing a wider buyer base to the multi-trillion dollar fixed-income markets.
Starting Dec. 6, some of Public’s investors will be able to buy 40,000 bonds in increments as small as $100, with plans to lower that amount in the future. The offering spans both investment grade and high-yield credits. Availability will be determined by how active a market is for the securities.