Maybank

Indonesia-based power producer Cikarang Listrindo is planning to launch the country's largest IPO for almost a year.

Ranhill Holdings remains undecided on when to open books for its MR807.5m ($195.94m) Malaysian IPO and is taking a day-by-day approach on the launch due to volatile market conditions, said sources.

RBS's former head of Asia Pacific loan markets, Aditya Agarwal, joined Maybank on Monday as the regional head of loan syndication, according to sources.

Thailand’s Ministry of Finance has given approval to four foreign institutions to issue baht-denominated bonds by September 30.

Maybank has hired Naguib Hussin from CLSA for its equity capital markets desk in Malaysia. He replaces Norly Khalim, who has transferred to another department within the Malaysian lender.

The former head of Asia Pacific loan markets at Royal Bank of Scotland is expected to join Maybank next week, according to two sources.

A $300m dual-tranche borrowing for a subsidiary of palm oil producer Golden-Agri Resources has launched into syndication. The money was funded by four banks in mid-2015.

Ranhill Holdings will sell shares in its MR807.5m ($188.32m) IPO in Malaysia at a ceiling of MR1.70 apiece, with the trade slated to launch by the end of January, said a banker.

Philippine property developer DM Wenceslao and Associates, which was expected to open books for its IPO of around Ps10.73bn ($227m) this week, has pulled the plug on the transaction until next year.

Philippine property developer DM Wenceslao and Associates, which was expected to open books for its IPO of around Ps10.73bn ($227m) this week, has pulled the plug on the transaction until next year.

DM Wenceslao and Associates has trimmed the maximum offer price on its IPO of up to Ps10.73bn ($227m) to Ps25 from Ps44, as it gears up to launch and price the deal in the coming weeks.

Two of the pre-IPO investors in Malaysia’s Malakoff Corp have divested their entire residual stake via a MR444m ($105m) block, with the deal buoyed by local demand and strong interest from one domestic pension fund.