NBB debuts Prosper notes

News

National Bank of Bahrain has launched a US dollar-denominated, capital-guaranteed income and growth note. The five-year Protected Structured Permal (Prosper) Notes guarantee institutional and private investors a minimum redemption at maturity and provide exposure to the Permal FX fund.

National Bank of Bahrain says the Permal FX Financials and Futures Fund aim to deliver absolute returns uncorrelated to market direction. The fund, managed by Permal, is a portfolio of some of the best-known, a

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