Maybank Investment Bank Issues 6 New Call Warrants
Kuala Lumpur, 21 May 2015 – Maybank Investment Bank Berhad (“Maybank IB”) is issuing six new European style cash settled call warrants over ordinary shares of Malakoff Corporation Berhad (“MALAKOF”), Tenaga Nasional Berhad (“TENAGA”) and YTL Power International Berhad (“YTLPOWR”). The Structured Warrants will be listed on Friday, 22 May 2015 with an issue size of 100 million each.
This tranche features call warrants over energy counters such as MALAKOF, TENAGA and YTLPOWR. MALAKOF was listed on Bursa Malaysia on 15 May 2015. MALAKOF is the largest IPP in South-East Asia in terms of generation capacity with a sizeable portfolio of power generation assets in Malaysia, Middle East, North Africa and Australia. With Frost & Sullivan anticipating electricity consumption to grow at a CAGR of 9.7% from 2014 to 2018, this tranche offers an opportunity for sophisticated investors to gain exposure to the newly-listed counter from any potential upside post-IPO.
The call warrants have the following gearings, MALAKOF-C[ ] (4.00x), MALAKOF-C[ ] (4.00x), MALAKOF-C[ ] (4.00x), MALAKOF-C[ ] (3.43x), TENAGA-C[ ] (3.83x) and YTLPOWR-C[ ] (7.11x). The tenure of all six Structured Warrants is approximately 12 months.
The terms and conditions of the above Structured Warrants are stated in their respective term sheets and investors should read the term sheets together with the Base Prospectus dated 2 October 2014, the First Supplementary Base Prospectus dated 12 November 2014, the Second Supplementary Base Prospectus dated 13 January 2015 and the Third Supplementary Base Prospectus dated 19 March 2015.