Maybank IB issues 4 new call warrants
Maybank Investment Bank Bhd has issued four new European style cash-settled call warrants (CWs) over foreign underlying shares.
The first two have Class A common stock of Facebook Inc and Google Inc as underlying while the other two are over common stock of Apple Inc and Yahoo Inc, the company said in a statement today.
The warrants were listed yesterday with an issue size of 100 million each.
With the launch of this tranche of call warrants, traders will have exposure of these companies at a fraction of the stock price, the investment bank said.
The call warrants have the following gearings, Apple CW (4.16x), Facebook CW (4.30x), Google CW (6.31x) and Yahoo CW (4.88x).
The tenure of all the four call warrants is about 12 months.-- Bernama