macquarie 160 hdr instalment warrant 22-dec-05

With Macas $1.60 call warrant expiring on 22 december Macas may be adding to the selling pressure to see the SP below $1.60 on the 22/12/2005

Macas also have a $2.50 warrant expiring on the same day

HDRIMO
Description: MACQUARIE 160 HDR INSTALMENT WARRANT 22-DEC-05
Type: Call warrant
Issuer: MACQUARIE BANK LTD.
Commenced Trading: 26 Oct 2004
Expiry: 22 Dec 2005
Exercise level: 1.600 (expressed in $ or index points)
Warrants per underlying instrument: 1.0000
Exercise style: American
Warrants issued: 10,000,000

HDRWMA
Description: MACQUARIE 250 HDR CALL WARRANT 22-DEC-05
Type: Call warrant
Issuer: MACQUARIE BANK LTD.
Commenced Trading: 27 Jul 2005
Expiry: 22 Dec 2005
Exercise level: 2.500 (expressed in $ or index points)
Warrants per underlying instrument: 3.0000
Exercise style: European
Warrants issued: 10,000,000