Maybank IB lists 8 new structured warrants

by **hlk** Wed 20 Jun 2012, 13:49

Maybank Investment Bank Bhd (Maybank IB)is listing eight new European style cash-settled structured warrants over
ordinary
shares, comprising four warrants for Gas Malaysia Bhd (GASMSIA), and
one each for AirAsia Bhd, Malaysia Airline System Bhd (MAS), Media
Chinese International Ltd and SapuraKencana Petroleum Bhd respectively.

The
warrants will be listed on Bursa Malaysia with an issue size of RM100
million each, with price of 15 sen and will have a tenure of 12 months,
Maybank IB said in a statement today.

Gas Malaysia's four warrants will have tenures of eight, 10, 12 and 15 months.

Maybank
IB said AirAsia and MAS' warrants have a gearing of 4.80 times and 3.63
times and an exercise ratio of five and two, respectively, while
SapuraKencana's warrant a gearing of 4.87 times with an exercise ratio
of three warrants for every share.

Gas Malaysia's warrants will
have an exercise ratio of three warrants to every share and a variety
of exercise prices at RM2.42, RM2.67, RM2.92 and RM3.15.

Media
Chinese's warrant has a gearing of 3.87 times and exercise ratio of two
warrants for every share, Maybank IB said. -- BERNAMA