Macquarie sets up warrants business

Bank builds on existing franchises in Australia and Hong Kong.

Macquarie Bank has become the latest international investment house to set up a warrants business in Singapore, joining Deutsche Bank, DBS and Societe Generale in the resurgent market. It will initially issue six European call warrants on the Singapore Exchange SGX, with trading scheduled for December 7.

Singapore has recently amended its listing rules and issuers can now participate in the secondary market, thus removing investor concerns about liquidity.

Under the...

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