Commercial Bank launches Al Maha Note-III

The Commercial Bank of Qatar (CBQ) has launched Al Maha Note-III, a seven-year dollar denominated, capital–guaranteed structured product, in Qatar. The product pays 100% initial capital plus 100% of the growth of managed funds (Loomis Portfolio USD Protected -IXIS CIB). It also pays a 2% coupon in years one and two. Al Maha Note-III is an EMTN structured by Ixis Asset Management (CDC IXIS) and issued by Ixis Corporate and Investment Bank to be sold to Qataris, expatriates, companies and individu