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AmBank to issue 6 new warrants

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AmBank to issue 6 new warrants Empty AmBank to issue 6 new warrants

Post by hlk Thu 09 Feb 2012, 11:07

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

For the upcoming issue, there will be six call warrants over the
ordinary shares of Dialog Group Bhd (DIALOG), Malaysia Marine and Heavy Engineering Holdings Bhd (MHB), Wah Seong Corp Bhd (WASEONG), Petronas Chemicals Group Bhd (PCHEM), DRB-Hicom (DRBHCOM) Bhd and Malaysian Bulk Carriers Bhd (MAYBULK).

In a statement today, AmBank said the structured warrants would have tenures of approximately 11 months each, and will be listed on Feb 10 with an 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 DIALOG, MHB, WASEONG, PCHEM, DRBHCOM and MAYBULK.

The new call warrants are targeted at investors who want leveraged exposure to the underlying counters. -- BERNAMA
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