AmBank issues eight new structured warrants
KUALA LUMPUR, Feb 19 – AmBank (M) Bhd is issuing eight new European style cash-settled structured warrants to meet investors’ demand for trading opportunities and alternative investments under current market conditions.
Under AmBank’s Put-Call Pair Programme, there will be three pairs of put (PW) and call warrants (CW), respectively, over the ordinary shares of CIMB Group Holdings Bhd, Gamuda Bhd and MMC Corporation Bhd.
There will also be two CWs over the ordinary shares of Tan Chong Motor Holdings Bhd and Telekom Malaysia Bhd, AmBank said in a statement.
The structured warrants will be listed for trading tomorrow, via the market making method, with an issue size of up to 100 million each and tenures of about 12 months.
Besides, AmBank would also offer a call warrant each over Telekom Malaysia Bhd and Tan Chong Motor Holdings Bhd, said AmInvestment Bank Bhd Director/Head of Equity Derivatives Ng Ee Fang.
The new CWs and PWs have gearings ranging between 4.18 and 8.06 and are targeted at investors who want to enjoy leveraged exposure to the underlying stocks. – Bernama