Maybank Investment Bank Berhad (Maybank IB) is issuing eight new European style cash-settled structured warrants over ordinary shares of CIMB Group Holdings Berhad (CIMB), Gamuda Berhad (GAMUDA), Genting Berhad (GENTING), KrisAssets Holdings Berhad (KASSETS), Maxis Berhad (MAXIS), Media Prima Berhad (MEDIA), POS Malaysia Berhad (POS) and Sunway Berhad (SUNWAY). These call warrants are priced at 15 cents each and will be listed on 3 October 2012 with an issue size of 100 million each.
In line with the Malaysian Government's Budget 2013, consumer related sectors such as property, finance, media and telecommunications particularly are expected to benefit from the government initiatives to boost domestic consumption and exports. The speedy implementation of numerous infrastructure-construction projects and the resulting multiplier effects and potential tax cuts are likely to help sustain robust consumer spending and boost foreign investments.
CIMB, GAMUDA and GENTING warrants have a gearing of 6.40, 5.63 and 5.02 times. These call warrants have an exercise ratio of 8, 4 and 12 warrants for every 1 underlying share respectively and a tenure of 12 months each.
KASSETS, MAXIS and MEDIA warrants have a gearing of 6.13, 9.07 and 3.85 times with an exercise ratio of 10, 5 and 4 for every 1 underlying share. KASSETS, MAXIS and MEDIA warrants will have a tenure of 9 months each.
POS and SUNWAY warrants come with a gearing of 6.96 and 5.02 times. Both of these call warrants have an exercise ratio of 3 warrants for every 1 underlying share and a tenure of 9 months each.
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.