Jasmine Birtles
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Could Structured Fixed-Term Investments Offer a New Source of Predictable Income?
Moneymagpie Team
3rd Jul 2025
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With volatility persisting across equity markets and real returns from savings often falling short of inflation, many experienced investors are looking for alternative ways to generate income. For those who meet certain eligibility criteria under the Financial Promotion Order 2005, structured fixed-term investment programmes have started to offer a different kind of proposition—one focused on visibility, defined terms, and asset-linked exposure.
One such firm offering this type of structure is Moneda Capital, a UK-based investment company that develops unregulated fixed-term programmes available only to qualifying UK investors. The firm offers access to investments through two distinct initiatives: the Moneda Capital Oakwood Fixed Rate Programme and the Moneda Capital Keystone Fixed Rate Programme. Both are structured for investors who qualify as High Net Worth Individuals, Certified Sophisticated Investors, or Investment Professionals.
But how do they work—and how do they compare to more familiar fixed-income options?
Structured Fixed-Term Programmes — Not Bonds You Buy on the High Street
The Moneda Capital programmes are not publicly regulated investment funds or retail bonds sold through online platforms. Instead, qualifying investors subscribe to one of two structured offerings, where capital is allocated into bonds issued by Moneda Capital PLC. These bonds are listed on the Vienna Stock Exchange’s Multilateral Trading Facility (MTF) and carry their own International Securities Identification Numbers (ISINs)—a key marker of transparency and verification.
Importantly, investors do not hold the listed bonds directly. Instead, they participate in the programme, and Moneda Capital allocates capital into the listed bond structure. This distinction means there is no secondary market for investors to trade their positions, and investments must be held to maturity.
Both programmes offer fixed-term durations and quarterly interest payments, with returns capped and clearly defined in programme documentation.
Keystone and Oakwood: Two Approaches, One Philosophy
The two Moneda Capital programmes differ in terms of the sectors they engage with, but both are underpinned by asset-linked strategies.
The Moneda Capital Keystone Fixed Rate Programme provides a 2-year term, also with a target return of up to 7.25% per annum, paid quarterly. This programme focuses on UK real estate, combining structured lending to experienced developers with direct acquisitions of income-generating property. Legal charges and contractual protections are in place around the assets supporting the bond.
In both cases, Moneda aims to deliver fixed returns through an asset-linked, time-bound strategy. But, as with all unregulated investments, capital is at risk and returns are not guaranteed.
The Moneda Capital Oakwood Fixed Rate Programme offers a 1-year term and a target annual return of up to 7.25%, paid quarterly. Capital is allocated into a bond backed by commercial inventory—specifically, ageing whisky stock and associated trade receivables. While this type of asset class is not commonly available to private investors, it is tied to underlying revenue streams and monitored as part of the security structure.
How These Programmes Differ from Traditional Loan Notes
While loan notes have long been used in unregulated investments, the Moneda Capital structure introduces several features that aim to improve transparency and governance.
First, the use of listed bonds (with ISINs and third-party listing venues like the Vienna MTF) enables investors to verify core structural details—such as maturity dates, interest rates, and programme size. Second, the firm uses a dedicated payment agent and structured documentation, providing clarity around how funds are deployed and repaid.
This type of arrangement avoids the opacity that has sometimes affected private loan notes, where investments are often dependent on discretionary project outcomes or fundraising continuity.
Still, investors must complete appropriate due diligence, self-certify, and understand that Moneda’s investment opportunities are not covered by the Financial Services Compensation Scheme (FSCS) and do not offer a guarantee of return.
Is It Suitable for You?
Only those who meet the eligibility criteria under FCA rules can invest in Moneda Capital’s Fixed Rate Programmes. These include:
- High Net Worth Individuals (e.g. annual income of £100,000+ or net assets over £250,000 excluding property and pensions),
- Sophisticated Investors (e.g. experienced in angel investing or previously involved in unlisted securities), and
- Professional Investors
If you are unsure whether you meet these criteria or whether the product is suitable for your needs, it’s recommended you speak with an FCA-authorised financial adviser.
Conclusion
For those seeking structured, time-bound exposure to income-generating assets, the Moneda Capital Oakwood and Keystone Fixed Rate Programmes may offer an alternative to traditional market-linked investments. With a focus on transparency, asset linkage, and clearly defined maturities, these unregulated opportunities are designed for experienced investors who prioritise structure over speculation.
To learn more or register your interest, you must first complete an investor self-certification. Further details are only available to those who meet eligibility criteria.
It is important to note that Moneda Capital does not provide financial, legal, tax or investment advice. Investors should seek independent, professional advice before making any investment decisions. The content in this article is for informational purposes only.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.
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