KUALA LUMPUR (Sept 11): Maybank Investment Bank Berhad (Maybank IB) has issued six new European style cash-settled call warrants over ordinary shares of five locally listed companies with an issue size of 100 million each.

The five companies are 7-Eleven Malaysia Holdings Berhad (SEM), GD Express Carrier Berhad (Gdex), Globetronics Technology Berhad (Gtronic), Karex Berhad (Karex) and Scomi Energy Services Berhad (Scomies).

In a press statement today, the investment bank said that SEM-CA, SEM-CB, GDEX-CA, GTRONIC-CC and SCOMIES-CC are the first structured warrants to be listed by Maybank IB over these companies while SEM-CA and GDEX-CA are the first ever warrants to be issued over SEM and GDEX.

“The call warrants have the following gearings: SEM-CA (3.05 times), SEM-CB (3.05 times), GDEX-CA (3.7 times), GTRONIC-CC (3.23 times), KAREX-CD (3.81 times) and SCOMIES-CC (3.18 times). The tenure of all six CWs is approximately 12 months,” said Maybank IB.

It noted that SEM, which was listed on May 30 this year, will invest a major portion of the proceeds raised to open 200 new convenience stores and refurbish current the convenience stores.

“It (SEM) will also upgrade its information technology system with the proceeds. SEM will focus on growth and open approximately 600 stores from 2014 to 2016,” it added.

Maybank IB commented that with exposure to the convenience store, courier service, semiconductor, condom manufacturing as well as oil and gas sectors, sophisticated investors who want to gain leveraged exposure from these sectors may choose to trade in these new warrants.

This tranche offers sophisticated investors fresh opportunities to gain leveraged exposure to a range of sectors through Maybank IB, it further added.