CARR Indosuez Asia (Derivatives) plans to issue 150 million call warrants on Sun Hung Kai Properties (SHK Properties) at a price of $1.41 each. Each warrant holder can purchase 10 existing shares of SHK Properties at the exercise price of $56 per share. Expiry date of the warrant is March 29, 1996. Closing price of SHK Properties on Friday was $57.50. Carr Indosuez Asia is the sponsor and manager, while Banque Indosuez is the guarantor. The warrant will be listed on the stock exchange.