EUROPE - Swiss private bank Sarasin is offering a new tranche of sterling five-year GlobalSar Principal guaranteed notes.
The new issue follows the successful initial issue of £24m GlobalSar guaranteed notes earlier this year.
The principal repayment obligation at maturity will be guaranteed by Rabobank Nederland, as undertaken on the previous issue.
Both issues are backed by underlying investment in the Sarasin CI GlobalSar Sterling Balanced Fund, which has a 15-year track record and an annual compound growth rate since launch of 9%.
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