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.
In a statement yesterday, AmBank said the new call warrants (CWs) were over the ordinary shares of Felda Global Ventures Holdings Bhd (FGV) and Multi-Purpose Holdings Bhd (MPHB).
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