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Emirates Bank launches the Emirates Bank Capital Protected Indian Equity Note

The product is offered through the Al Shaheen Club. Al Shaheen is the priority banking service of Emirates Bank for its high net worth clients.

  • United Arab Emirates: Saturday, April 02 - 2005 at 09:04
  • PRESS RELEASE




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The note is structured as a capital protected - 3 year maturity note, investing in a diversified basket of three renowned international Indian equity funds. The product was designed for investors who want to participate in the booming Indian economy.

The Indian economy has been performing exceptionally well with the gross domestic product growth averaging more than 6% in the last five quarters, with three of these quarters delivering economic growth of more than 8%! Inflation levels have been low and less volatile over the past few years contributing to the lower levels of interest rates. The Indian Rupee has also proved to be a relatively strong and stable currency against the major currencies, reflecting the strong fundamentals of the Indian economy.

The recently launched Emirates Bank Capital Protected Indian Equity Note provides an opportunity for current investors in the Indian market to protect their profits already earned on past performance and who wish to remain invested in this market. The note also provides protection to new investors interested to participate in the potential growth of the Indian equity markets, but who wish to protect their newly invested capital.




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Notes and media contacts

Key characteristics of the product are:

Capital protection
90% capital protected at maturity by an investment grade bank

Attractive participation
120% to the performance of the basket as defined in the term sheet

Diversified basket of equities
Consisting of 3 equally weighted, renowned international funds, investing in the Indian equity market

Short tenor
3 years investment, maturity in 2008

Liquidity:
Early redemption is available on a weekly basis in denominations of USD 10,000

Closing date for subscription
April 7th, 2005

Interested investors may contact the Asset Management Unit directly on +9714 209 2930 or +9714 209 2938 or contact their nearest Al Shaheen outlet. Other investment products may be viewed and down loaded from the Al Shaheen website.

Issued on behalf of Emirates Bank by tamra c2. For more information, please contact Michelle Hage on tel: (971 4) 2951177; fax: (971 4) 2951188/99
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, Senior News Editor
Saturday, April 02 - 2005 at 09:04 UAE local time (GMT+4)

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