New Callable Bull Certificate

4 new callable bull certificates are listed today (16 Jul 2010). This is a new derivative instrument from CIMB. This is also called bull warrant in Hong Kong. Basically, it is a deep in the money call warrant that will be delisted if it hits the callable price. Bursa Malaysia explains this nicely here. The details:

New Warrants	Expiration	Type	Ex Price	Ratio	Call Price
BJCORP-JA	15/04/2011	Bull	MYR 0.9800	2 : 1	MYR 1.0600
GENTING-JA	15/04/2011	Bull	MYR 5.8000	10 : 1	MYR 6.1500
GAMUDA-JA	15/04/2011	Bull	MYR 2.5500	5 : 1	MYR 2.7000
AIRASIA-JA	15/04/2011	Bull	MYR 1.0000	2 : 1	MYR 1.0500

You can use my Bursa Malaysia Warrant Calculator to compute the premium easily.