CIMB Private Banking has become the first private bank in Malaysia to introduce a local commodity structured product linked to the price of crude oil. The note raised about RM12 million ($3.2 million) at the end of its subscription period on December 9, according to a Kuala Lumpur-based spokeswoman from CIMB Private Bank. "This is quite a substantial amount considering the subscription period was only a few days long," she adds.
The Pyramid Oil Note is 100% principal-protected and offers pote
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