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Fortis Offers ABN Amro Product in Benelux

Nick Parmee

15 January 2008

Fortis retail bank is to launch a sustainable investment product in collaboration with ABN Amro Markets and the World Bank as the issuer of the Eco-3 Plus Note for its customers in Belgium and Luxembourg. The note will be sold through the Fortis network of over 1,100 branches in Belgium and Luxembourg as well as online. It has a 6-year term and pays a variable annual coupon of between 3 and 10 per cent, depending on the performance of the ABN Amro Eco index. This index is made up of companies engaged in alternative energy, clean water, waste processing and carbon reduction. The note is issued by the World Bank which also guarantees that the principal is returned to investors on maturity.