Investments in emerging markets’ infrastructure through Citibank.
Athens, September 11, 2007.
Citibank presents another original investment solution based on the fast pace growth of infrastructure sector in the emerging markets. This is the new ML Emerging Market Infrastructure Index Rebate Certificate, which gives access in 50 equities of representative companies in the infrastructure sector in countries like China and India, in combined with 100% capital protection at maturity by the issuer. The minimum investment amount for the new 3-year tenor Notes is € or USD 2,000 and investors may enjoy up to 39,99% return at maturity depending on the Index’s fluctuation.
The new Structured Notes will be available at Citibank branches until 27th September.
Merrill Lynch SA is the issuer and the designer of the Merrill Lynch Emerging Market Infrastructure Index, whose fluctuation affects the return of the Notes. The Index’s aim is to capitalise on the course of stocks that benefit from the need for infrastructure in emerging market countries, such as road networks, ports, water and electricity supplies, telecommunications, energy etc.
According to UN data, it is estimated that the population in urban areas of the emerging markets will increase by 1 million people every week during the next 25 years! Consequently, the demand for power, water, telecommunications and transportation services will continue to increase, while in parallel the surplus in balance of payments will enable emerging markets to invest in infrastructure*.
* Merrill Lynch report “Launching the ML Emerging Market Infrastructure Index”, Michael Hartnett, Alex Ypsilanti et al, 14th May 2007.
|
