Kenanga Investment Bank Berhad (KIBB) is marketing eight new European-style cash-settled call warrants under its NagaWarrants brand, linked to the ordinary shares of UOA Development Berhad, KPJ Healthcare Berhad, Public Bank Berhad, Alliance Financial Group Berhad, Bumi Armada Berhad, Gamuda Berhad, Kulim (Malaysia) Berhad and Rimbunan Sawit Berhad.
KIBB's head of equity derivatives and structured products, Seow Choong Liang, said that the launch is aimed at meeting investor demand for trading opportunities and alternative investments, adding that these call warrants are targeted at traders who require a leveraged exposure to the underlying securities.
"We believe that the eight new warrants represent some of the favourite underlying counters amongst domestic stock traders," he said.
The call warrants will be listed on the structured warrants board of Bursa Malaysia Securities Berhad on 19 September with terms of approximately one year and issue sizes of up to MYR100m ($32.6m) each.
The new call warrants are priced at 15 sen each with effective gearing ranging from 2.32 to 6.88 times.