Mashreqbank markets snow ranger in UAE

Mashreqbank in the United Arab Emirates (UAE) yesterday closed Snow Ranger II, a ten-year capital-guaranteed range accrual structured product linked to the one-month US dollar libor rate, to new investments . The product pays 12% in year one. For subsequent years, the investor will earn a quarterly coupon equal to the previously paid coupon for the number of calendar days that the one-month, US dollar libor rate is between 0% and 6% in years two to year three and 7.5% in years four to ten. The p