Sign in Subscribe
Stocks

Hong Kong Warrants Issuance: Key Highlights and Market Data

Strategic Insights

— 1 min read

The Hongkong and Shanghai Banking Corporation Limited has issued warrants related to several companies, including Semiconductor Manufacturing International Corporation, Lenovo Group Limited, and China Mobile Limited. The warrants are listed on the Hong Kong Stock Exchange and were issued on February 8, 2021. The issue sizes range from 80 million to 200 million warrants, with a total value of 200 million warrants. The warrants have various styles, including European-style cash-settled call and put warrants.

Key Takeaways:

  • The issue sizes of the warrants vary from 80 million to 200 million, with a total value of 200 million warrants.
  • The warrants are related to companies such as Semiconductor Manufacturing International Corporation, Lenovo Group Limited, and China Mobile Limited.
  • The warrants have various styles, including European-style cash-settled call and put warrants.
  • The implied volatility of the warrants ranges from 23.30% to 81.44%.
  • The effective gearing of the warrants ranges from 1.69x to 2.46x.
  • The premium of the warrants ranges from 3.69% to 55.17%.
  • The gearing of the warrants ranges from 3.48x to 18.08x.
  • The warrants have different issue prices per warrant, ranging from HK$0.15 to HK$0.26.
  • The cash settlement amount per board lot is payable at expiry for series of call warrants.

Statistics:

  • Issue size: 200,000,000 Warrants (12534), 100,000,000 Warrants (12536), 200,000,000 Warrants (12590), 200,000,000 Warrants (12595), 80,000,000 Warrants (12614)
  • Type: European style cash-settled call and put warrants
  • Implied Volatility: 81.44%, 75.98%, 69.72%, 23.30%, 40.98%
  • Effective Gearing: 2.46x, 1.99x, 1.69x, 7.67x, 5.31x
  • Gearing: 3.73x, 4.06x, 3.48x, 12.29x, 18.08x
  • Premium: 19.61%, 35.63%, 55.17%, 3.69%, 22.30%

Sources:

  • The Hongkong and Shanghai Banking Corporation Limited: Warrants Announcement [Available at https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0205/2021020500838.pdf]

Read more