KUALA LUMPUR: OCBC Bank (Malaysia) Bhd (OCBC Bank) has launched its maiden Sustainability-linked Floating Rate Negotiable Instruments of Deposits (FRNID) that incorporates environmental, social and governance (ESG) elements.
In a statement, OCBC Bank said the Callable Interest Cumulation Floating Rate Negotiable Instruments of Deposit (CIC FRNID) is an ESG investment that allows the bank’s customers to earn a potentially higher return than a fixed deposit, by taking a view on KLIBOR rates.
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