IIB Bank launches third Bond series

IIB Bank has confirmed the launch of a third series of their Best Performance Bond.

The group said that the Best Performance Bond III offers investors exposure to three individual portfolios, each with a contrasting profile split across four asset classes; equities, property, commodities and bonds.

The Bond is structured to provide investors with a return at maturity that is based on whichever portfolio performs the best, the bank said. The bond closes on 8 September 2006.