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CIMB BANK LISTS CALL WARRANTS ON ASTRO SHARES
Monday 29/10/2012
Useful Information On Warrants Also Available At Newly-revamped Portal
KUALA LUMPUR, Oct 29 (Bernama) -- CIMB Bank today announced that it is listing two European-style call warrants over the ordinary shares Astro. The call warrants, coded as Astro-CI and Astro-CH, offers retail investors an opportunity to gain exposure to one of the largest and most successful Initial Public Offering (IPO) in the country this year.
With issue size of 50 million each, these warrants were structured to cater for investors with different investment outlook. Astro-CI has a higher gearing ratio of 10 times with an exercise price of RM4.00, while Astro-CH has a lower exercise price of RM3.50 and a lower gearing ratio of 6.67 times. Both warrants priced at 15 sen per warrant, will expire on 31 October 2013.
New Warrants Information
ASTRO-CH(6399-CH) ASTRO-CI(6399-CI)
Offering Size 50 million 50 million
Issue Price RM0.15 RM0.15
Exercise Price RM3.50 RM4.00
Exercise Ratio 3 warrants per share 2 warrants per share
Listing Date 29 October 2012 29 October 2012
Expiry Date 31 October 2013 31 October 2013
Gearing Ratio* 6.67 times 10.00 times
Premium 31.67% 43.33%
*Note: Gearing Ratio and Premium calculated based on the underlying price of RM3.00
Information on these new warrants is available at the newly-revamped CIMB Bank’s warrants portal. The improved portal provides comprehensive one-stop warrant information and education resource, as well as useful investment tools.
Dato’ Lee K. Kwan, Group Deputy Chief Executive Officer, Corporate Banking, Treasury and Markets, CIMB Group said, “The portal is another value-added service we are providing to investors. Through this channel, investors are able to access up-to-date news, trading statistics as well as an alert list of warrants that are close to expiration for their reference.”
Additionally, a daily-published Warrant Digest is made available for online viewing or to be downloaded at the portal. Investors can also choose to subscribe to it by signing up online. The portal also provides a direct link to CIMB iTrade, which allows investors to trade warrants online.
The portal also introduces a brand new education section, which provides useful information on structured warrants for new investors ” from how to choose and invest in warrants, to learning the key risk factors to consider when buying warrants. The portal can be accessed at www.warrants.cimbbank.com.my .
About CIMB Bank
CIMB Bank is the commercial banking arm of CIMB Group, offering consumer banking and corporate banking services.
CIMB Group is Malaysia’s second largest financial services provider and one of ASEAN’s leading universal banking groups. It offers consumer banking, investment banking, Islamic banking, asset management and insurance products and services. Headquartered in Kuala Lumpur, the Group is now present in nine out of 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, the Philippines, Cambodia, Brunei, Vietnam and Myanmar). Beyond ASEAN, the Group has market presence in China, Hong Kong, Bahrain, India, Sri Lanka, Australia, Taiwan, Korea, the US and UK.
CIMB Group has the largest retail branch network in ASEAN of more than 1,100 branches as at 30 September 2012. CIMB Group’s investment banking arm is also emerging as the largest Asia Pacific-based investment bank following its recently announced purchase of RBS’ Asia Pacific investment banking and cash equities operations.
CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 97.9% shareholder of Bank CIMB Niaga in Indonesia, and 93.2% shareholder of CIMB Thai in Thailand.
CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It had a market capitalisation of approximately RM55.75 billion as at 30 September 2012. The Group has over 43,000 employees located in 18 countries.
SOURCE: CIMB Group
FOR MORE INFORMATION PLEASE CONTACT:
NAME : Effendy Shahul Hamid
Head of Group Marketing & Communications
CIMB Group
TEL : +603 2087 3030
FAX : +603 2093 1008
E-MAIL : effendy.hamid@cimb.com
--BERNAMA
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