Clerical Medical International is seeking regulatory approval to launch a with-profits bond and a p...
Clerical Medical International is seeking regulatory approval to launch a with-profits bond and a portfolio bond for the Hong Kong and Middle Eastern markets, writes Joanne Frearson. The Hong Kong with profits bond will be similar to CMI's existing offshore product, but subject to regulation by the Hong Kong authorities. It will be a fixed term product of 99 years and investors will receive a regular bonus plus a possible final terminal bonus. CMI will aim the product at expatriates as well as local nationals in Hong Kong before moving on to the Middle East. The portfolio bond w...
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