UK - Europe's eighth largest bank by assets, Dutch firm ABN Amro, has been hired as guarantor for a new offering from alternative fund manager Man Investment Products.
Bermuda-domiciled Man AP Strategic Series 1 has a capital guarantee structure and has now opened for investment. The offer period is scheduled to run until March 22, 2002 with a possible extension.
Minimum investment level is 50,000 bonds. Investors may apply for a combination of US$ and euro denominated bonds, subject to a minimum of 20,000 bonds in each class and a total minimum aggregate subscription of 50,000 Bonds.
Man AP Strategic Series has been designed to generate medium-term annualised growth in the range of 14-16% per annum, gross, for both US$ and euro-class bonds with target annualised volatility of around 10-11%.
By Madhu Kalia
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