Libor link for UAE structured product

Mashreq Investments has launched a two-year, US-denominated note that pays a variable income linked to libor rates. Deuce is 100% guaranteed and pays a quarterly coupon of 3.5% and 4.5% in year two, so long as libor remains below those levels. The previous product in the series was a three-year version paying coupons semi-annually. UAE-based Mashreqbank prides itself on being at the forefront of structured product investing in the Middle East. Nabeel Waheed, head of treasury and investment produ