Public Bank Malaysia has launched PB Commodities & Resources Basket (PB Carb), a two-year investment linked to a basket of currencies from countries that are net exporters of natural resources.The product, which is issued as a capital-protected floating rate negotiable instrument of deposit, is linked to the appreciation of the Canadian dollar, Australian dollar, Russian rouble and Brazilian real against the US dollar.
Returns are locked in each time a lock-in level of 6% and 12% are reached on one of the monthly observation dates.
The bank is hoping to raise MYR100m ($29.1m) from this product. The product is available until 19 September for a minimum investment of MYR100,000 ($29,000).
Click here to see a brochure for this product.
