Macquarie wrestles with warrant valuation

Australian bank in negotiations on settlement of Hanergy TFP warrants

china-stocks-ipo-oversight-4
HKeX must approve a fair closing price for suspended stock

Macquarie is in talks with Hong Kong Exchanges and Clearing (HKEx) to adjust the settlement price for more than 2 million outstanding warrant contracts referencing Hanergy Thin Film Power (TFP), a Chinese solar energy firm, before they expire next week.

Warrant series 18401, issued by the Australian bank in December 2014, expires on September 16. The call warrants are currently in-the-money to investors to the tune of 8.4% above the strike price. However, this valuation is based on the closing p

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: