MISC-CC has 15.38% premium, whereas YTL-CD has 17.82% premium. At current premium levels, both CWs are considered expensive and would probably trade in the range of zero to two cents gain in price tomorrow.The table below compares the newly issued CWs with existing ones.
Since the new CWs have longer expiry period, we use a premium of 15% to compute the expected price for MISC-CC and YTL-CD, which are 8.1 cents and 11.9 cents respectively; both still below issue price. *sigh*
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