AmBank issues five new call warrants
AmBank issued five new European style cash-settled call warrants. It comes on the back of a rallying stock market and improved risk appetite for emerging market equities.
The CWs was listed with a tenure of approximately 12 months and issue size of up to 100 million each.
The CWs were aimed at providing leveraged yet affordable equity investment alternatives to investors.
The five new CWs were issued on the shares of Bursa Malaysia Bhd, Multi-Purpose Holdings Bhd, KNM Group Bhd, RHB Capital Bhd and Genting Plantations Bhd.
“We are following up on our previous tranche of warrants at the beginning of January with a tranche of five warrants on Malaysia's stock exchange operator, an established oil and gas engineering company, a mid-sized Malaysian bank, a plantation company with significant landbank and a major gaming company in the numbers forecasting business. AmBank's warrant programme aimed to provide leveraged market exposure to cater for different investor profiles,” said AmInvestment Bank Bhd director/head, equity derivatives Ng Ee Fang in a statement.