AmBank issues 6 European-style warrants

by **hlk** Wed 11 Jan 2012, 16:36

AmBank (M) Bhd is issuing six new European style cash-settled structured
warrants to meet investor demand for investment alternatives and
trading opportunities.

In a statement today, AmBank said for its
upcoming issuance, there will be six call warrants (CW) over the
ordinary shares of UEM Land Bhd, Malaysian Resources Corporation Bhd
(MRCB), Berjaya Sports Toto Bhd, IJM Corporation Bhd, Boustead Holdings
Bhd and Malaysian Airline System Bhd (MAS).

"The structured
warrants will have tenures of approximately seven months and will be
listed on Jan 12 with issue size of up to 100 million each.

This offer is aimed at sophisticated traders who want to trade on the direction and volatility of the entities, AmBank said.

It
added that the new CWs have gearings ranging between 4.33 and 7.27 and
are targeted at investors who want leveraged exposure to the underlying
counters. -- Bernama