Whats income will I get from my West Bromich BS PIBS

Holders of West Bromich BS PIBS who would previously have expected a 6.15% coupon rate or 6.15 pence for each PIB held will now receive less as a result of the recent rescue. They will receive just 1.5% for the half year. The new PPDS will then receive 25% of any future net profits. For a summary of this income investors will find this article in the Telegraph useful. For a full but slightly confusing outline of how the new regime will work have a look at the West Bromich BS website.