Maybank Investment issues 8 new call warrants
Maybank Investment Bank is issuing eight new European style cash-settled structured warrants.
These are over ordinary shares of Astro Malaysia Holdings Bhd, Dialog Group Bhd, Malaysia Building Society Bhd, MISC Bhd, RHB Capital Bhd, UEM Land Holdings Bhd and UOA Development Bhd.
Maybank IB said the warrants will be listed on Oct 29, with an issue size of 100 million each.
The bank is listing two call warrants on Astro, each with an exercise ratio of three for every one underlying share and gearing of 6.67 times and will have a 12-month and 10-month tenures, respectively.
Dialog and MBSB warrants have a ratio of three for each underlying share and gearing of 5.13 times and 5.33 times, respectively, and will have a 12-month tenure each.
MISC and RHBCAP warrants have an exercise ratio of five and six for every one underlying share and a gearing of 5.60 times and 7.92 times each and will have a nine-month tenure to expiry.
UEMLAND and UOADEV come with a gearing of 3.73 and 3.42 times, respectively, with an exercise ratio of three for every one underlying share and a nine-month tenure.
The terms and conditions of the warrants are stated in their respective term sheets and should be read with the base prospectus dated Sept 19.