CITIBANK AG Frankfurt yesterday launched its first Taiwan blue chip basket warrants,to be traded in Frankfurt, Dusseldorf, Hamburg and Munich.
The Taiwan blue chip basket comprises 10 common stocks from Taiwan's finance, electronics, paper, textiles, steel and cement sectors.
The 10 stocks are shares weighted with the fixed number of shares attached to each stock in the basket.
The Taiwan basket is valued in Taiwan dollars, and the calculation of the basket is expressed as the sum of the products of the stock price in Taiwan dollars and the corresponding share weighting.
''We would anticipate keen interest in the Taiwan blue chip basket, with the growing appetite of international investors in the country,'' said Wong Yik-sy, the bank's head of financial markets, Asia-Pacific.
There are four series of warrants, two call warrants and two put warrants.
