Commercialbank launches target return note in Qatar

Commercialbank has launched the Al Maha Target Return Note linked to the Permal FX Financials & Futures fund, Permal Group’s flagship fund with $6.1bn under management and an average annual return since 1992 of 9.2%.The product provides investors in the Gulf states with a fixed coupon of 9.25% per annum for the first two years and a 100% capital protection at maturity. The product matures once the sum of the coupons reaches 21.5%. Commercialbank’s deputy chief executive officer Mohamed Manda