Malaysia

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.

Khazanah Nasional made its inaugural appearance in the dollar sukuk market this week with a $750m transaction. But the landmark trade courted plenty of controversy around its execution and the notes’ subsequent secondary performance.

The International Organisation of Securities Commissions (IOSCO) is planning to set up an office in Malaysia, marking the first time the body will have a presence outside of its headquarters in Spain.

Khazanah Nasional started taking orders for its first Islamic bond in dollars on Tuesday, while Bank of China’s Hong Kong branch launched bookbuilding for a triple tranche senior dollar deal.

DagangHalal, the halal verification business, expressed on Monday its intention to float on London’s junior stock market.

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

Baring Private Equity Asia has lined up five banks to syndicate a $456m loan that backs its bid for Singapore-based Interplex Holdings.

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.

Two lenders are financing a club loan of close to £140m ($202.8m) for a subsidiary of the Employees Provident Fund of Malaysia.

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.

Barclays is pulling out of the cash equities business in Asia Pacific as the bank stages a total exit from a number of countries in the region including Taiwan and Korea.