Maybank Investment Bank Berhad (Maybank IB) is issuing eight new European style cash-settled structured warrants over ordinary shares of Astro Malaysia Holdings Berhad (ASTRO), Dialog Group Berhad (DIALOG), Malaysia Building Society Berhad (MBSB), MISC Berhad (MISC), RHB Capital Berhad (RHBCAP), UEM Land Holdings Berhad (UEMLAND) and UOA Development Berhad (UOADEV). The warrants will be listed on 29 October 2012 with an issue size of 100 million each.
The focus of this batch of call warrants will be on the newly listed media stock, ASTRO, which is the leading integrated consumer media entertainment group in Malaysia, especially in the Pay TV segment. Maybank IB is listing two call warrants on ASTRO, each with an exercise ratio of 3 for every 1 underlying share and a gearing of 6.67 times. The warrants will have a tenure of 12 months and 10 months, respectively.
DIALOG and MBSB warrants have a ratio of 3 for each underlying share and a gearing of 5.13 times and 5.33 times respectively. The warrants will have a tenure of 12 months each.
MISC and RHBCAP warrants have an exercise ratio of 5 and 6 for every 1 underlying share and a gearing of 5.60 times and 7.92 times each. These warrants will have 9 months to expiry.
UEMLAND and UOADEV come with a gearing of 3.73 and 3.42 times respectively. The warrants have an exercise ratio of 3 for every 1 underlying share and a tenure of 9 months.
The terms and conditions of the above call warrants are stated in their respective term sheets and should be read in conjunction with the Base Prospectus dated 19 September 2012.