AmBank (M) Bhd is issuing two new European style cash-settled structured warrants today to meet investors' demand for trading opportunities and alternative investments for the current market.

The two new call warrants (CW) will be over the ordinary shares of SapuraKencana Petroleum Bhd (SKPETRO) and Facebook, Inc (FB).

The structured warrants on SKPETRO and FB, which would be listed via the market making method, would have tenures of approximately 10 months with an issue size of up to 100 million each, Ambank said in a statement.

FB's shares will, however, not be readily accessible to Malaysia investors.

"But, AmBank's call warrant on FB will provide domestic retail investors with an alternative access and opportunity to participate in FB's stock performance," said AmInvestment Bank Bhd Equity Derivatives Director/Head Ng Ee Fang.

She said the listing of merged entity SKPETRO had generated much interest among investors due to its size and contract opportunities in the oil and gas sector, moving forward.

"Both AmBank's call warrants on FB and SKPETRO will be the first structured warrants over the respective underlying companies to be issued and traded on Bursa Malaysia," Ng added.

SKPETRO's call warrant is priced at 15 sen each with a gearing of 6.67 times while that of FB is priced at 15 sen each with a gearing of 13.99 times. -- BERNAMA