Thursday July 5, 2012
CIMB issues Felda Global warrants
CIMB said in a statement that the call warrants, which were issued yesterday, were coded as Felda-C1, Felda-C2 and Felda C3 and offered investors an opportunity to gain exposure to the largest and most anticipated initial public offering in Asia this year.
“These warrants were structured to cater for investors with a different investment outlook.
“Felda-CJ has the lowest exercise price of RM4.60 and expires on March 29, 2013, making it suitable for investors who are seeking a short-term exposure.
“Investors with a longer investment horizon can consider Felda-CK and Felda-CL, which expire on June 28, 2013.
“Issued at 100 million each with optimum exercise ratios of three, the call warrants have an attractive gearing ratio of 9.89 times, thus providing investors a good leveraged exposure,” the bank said.
FGV was listed on June 28.