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Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group (right) and Lee at the launching ceremony
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15th March, 2010
KUALA LUMPUR: CIMB Bank recently launched a structured product that may allow investors to earn a fixed annualised return of 4.88 per cent and an equity style dividend.
The product called “CIMB Twin Yield Income Investment” also gives investors the comfort of knowing that the principal is fully payable on call dates.
“With the current low and moderately rising interest rate environment, as well as high market volatility, investments with consistently steady returns of a high minimum protected coupon and potential variable returns are extremely hard to come by,” CIMB Group’s deputy chief executive officer for treasury and investment, Datuk Lee Kok Kwan said at the launching ceremony in Kuala Lumpur.
“The product addresses the sentiment of clients who look for a combination of safety, good regular income and potential further upside,” he added.
The product yields two returns, from high cumulative fixed-income returns referenced to CIMB group’s “AA3” rated sub-ordinated note and variable equity based dividends from markets where CIMB group is well positioned in.
Variable returns are based on an equally weighted basket of five reference indices – the MSCI Indonesia Index, Thailand SET 50 Index, MSCI Malaysia Free Index, MSCI Singapore Cash Index and the S&P GSCI Excess Return Index.
The minimum investment amount is RM250,000 and in further multiples of RM5,000 thereafter. The product is open for subscription up to a limited amount of RM300 million and for a limited offer period that ends on 26 March 2010.
CIMB Twin Yield Income Investment is available at all CIMB Bank branches nationwide.
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