Thursday July 5, 2012
AmBank issues four new call warrants
KUALA LUMPUR: AmBank Bhd has issued four new European-style cash-settled structured warrants to meet investor demand for trading and investment opportunities in the current market scenario.
The structured warrants on FGV and MPHB would have tenures of approximately 12 months, it said.
“The structured warrants were issued on July 2 and will be listed for trading on July 5 with issue size of up to 100 million each.
“All four structured warrants will be listed via the market making method,” it said.
AmBank said FGV’s initial public offering was well taken up by institutional investors, both domestic and foreign, and as a result allocations for retail investors were somewhat limited. “Therefore, in the coming tranche of AmBank structured warrants, we are issuing three call warrants on FGV with varying strike prices.” — Bernama
“The three CWs on FGV are priced at 15 sen each with varying gearings of 6.07, 7.58 and 10.11 times,” it said.
The bank said it was issuing a call warrant on MPHB due to its impending restructuring exercise that would turn it into a pure gaming play and unlock value from its non-gaming assets. — Bernama
The CW on MPHB was priced at 15 sen each with gearing of 5.7 times, it said. — Bernama