KUALA LUMPUR: AmBank (M) Bhd is issuing five new European style cash-settled structured call warrants to meet investors’ demand for trading and investment opportunities in the current market scenario.
For the upcoming issuance, there will be four call warrants over the ordinary shares of IJM Land Bhd, KLCC Property Holdings Bhd, Sunway Bhd, Bandar Raya Developments Bhd and Eastern and Oriental Bhd.
AmBank said the structured warrants would be listed for trading on Aug 3 via the market-making method, with the issue size of up to 100 million each.
AmInvestment Bank Bhd director and equity derivatives head Ng Ee Fang said the local property sector would offer interesting investment opportunities as strong demand is expected to return due to pent-up demand.
This offer is aimed at sophisticated traders who want to trade on the direction and volatility of IJM Land, KLCC Property, Sunway, Bandar Raya Developments and Eastern and Oriental.
The new call warrants have gearings ranging from 3.24 to 4.00 and are targeted at investors who want to enjoy leveraged exposure to the underlying stocks.