Keydata set to break bad news

INVESTORS are preparing for bad news today from a creditors&rsquo; meeting at failed structured product firm Keydata, with the firm expected to say they will only get back &ldquo;pennies in the pound&rdquo; of their outlay. <br /><br />The 5,500 investors in Keydata&rsquo;s Secure Income Bond products, which stopped making payouts after it emerged &pound;103m that was supposed to be being held in the funds had gone missing, are being treated as creditors of the firm. <br /><br />The products offered a fixed return to investors provided they left funds invested for a minimum period.