Maybank

Bank of the Philippine Islands (BPI) is poised to make its debut in the international syndicated loan market with a $250m fundraising.

Wang Xiao Zhou, who heads up loan syndication and product portfolio management at Bank of China, is leaving for a new position with Bank of China Group Investment (BoCGI).

A $300m dual-tranche loan for a subsidiary of palm oil producer Golden-Agri Resources has wrapped up with just two new banks coming in.

Maybank has appointed Mohaiyani Shamsudin as the new chairman of its investment bank, replacing Megat Zaharuddin Megat Mohd Nor, who has moved to a new position within the group.

Four lenders are close to being mandated for a $400m fundraising for Maybank, according to sources.

Ranhill Holdings has finally sealed its IPO of MR386.78m ($93.76m) at the bottom of the range after delaying the pricing decision from Tuesday and dropping the secondary offering.

Malaysia-listed WCT Holdings is looking to spin off its property into a real estate investment trust and list its construction arm, with both IPOs likely to come to the market next year.

Malaysia’s CIMB has named Kong Sooi Lin as CEO of its investment bank, a role she had covered since the group chief executive left the position earlier this year.

Giles Ong, regional head of investment banking and advisory at Maybank, has resigned and plans to leave the firm in April.

Eco World International, which dropped plans for a special purpose acquisition company IPO in 2015, is seeking to raise $500m with a listing by the middle of this year, said sources.

In an unusual move, Malaysia’s Ranhill Holdings may shorten bookbuilding for its MR807.5m ($190.96mm) IPO to just one day, as volatile market conditions have made it impossible to find the right window.

CLIQ Energy is set to be the first Malaysian special purpose acquisition company (Spac) to be liquidated after the regulator rejected its request for more time to make a qualifying acquisition.