HSBC Issues Warrants for Meituan Dianping and Semiconductor Manufacturing International Corporation

Strategic Insights -

Hong Kong, June 15, 2020 - The Hongkong and Shanghai Banking Corporation Limited has issued warrants for Meituan Dianping and Semiconductor Manufacturing International Corporation, offering investors a stake in the companies' shares.

HSBC has issued 100,000,000 warrants for Meituan Dianping, with an issue price of HK$0.25 per warrant. For the series of call warrants, investors will be entitled to HK$22.28 x (Average Price - Exercise Price) x one board lot, while for the series of put warrants, investors will be entitled to HK$145.80 x (Exercise Price - Average Price) x one board lot. The warrants for Meituan Dianping will expire on December 31, 2020.

Similarly, HSBC has issued 100,000,000 warrants for Semiconductor Manufacturing International Corporation, with an issue price of HK$0.15 per warrant. The expiry date for these warrants is December 28, 2020. The implied volatility for the warrants of Meituan Dianping and Semiconductor Manufacturing International Corporation are 65.06% and 54.76% respectively.

Key Takeaways:

  • HSBC has issued 100,000,000 warrants for Meituan Dianping and 100,000,000 warrants for Semiconductor Manufacturing International Corporation.
  • The issue prices of the warrants are HK$0.25 for Meituan Dianping and HK$0.15 for Semiconductor Manufacturing International Corporation.
  • The warrants for Meituan Dianping will expire on December 31, 2020, while the warrants for Semiconductor Manufacturing International Corporation will expire on December 28, 2020.
  • The implied volatility for the warrants of Meituan Dianping is 65.06%, and for Silicon Valley International Corporation is 54.76%.
  • The gearing for warrants of Meituan Dianping is 7.62x, while for Semiconductor Manufacturing International Corporation it is 11.23x.

Statistics:

  • 100,000,000 warrants for Meituan Dianping have been issued.
  • 100,000,000 warrants for Semiconductor Manufacturing International Corporation have been issued.
  • The issue price of warrants for Meituan Dianping is HK$0.25.
  • The issue price of warrants for Semiconductor Manufacturing International Corporation is HK$0.15.
  • The implied volatility for warrants of Meituan Dianping is 65.06%.
  • The implied volatility for warrants of Semiconductor Manufacturing International Corporation is 54.76%.
  • The gearing for warrants of Meituan Dianping is 7.62x.
  • The gearing for warrants of Semiconductor Manufacturing International Corporation is 11.23x.

Sources:

  • https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0615/2020061500877.pdf