New investment offering includes fixed-income and dividend returns.
Malaysia’s CIMB Bank has launched a new structured investment product combining fixed-income and dividend returns.
The bank’s “CIMB Twin Yield Income Investment" offering gives investors fixed-income returns linked to itsAA3-rated subordinated note and variable equity-based dividends from markets in which it is well positioned.
Launching the product, Dato’ Lee Kwan, CIMB’s deputy CEO of group treasury and investments, said he hoped the offering’s security would attract investors. “With the current low and moderately rising interest rate environment and high market volatility, products with consistently steady returns of a high minimum protected coupon and potential variable returns are extremely hard to come by,” he added.
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