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
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
