KUALA LUMPUR: Bank Islam Brunei Darussalam Bhd has picked Malaysia as the destination for a planned initial public offering that could raise as much as US$500mil, according to people familiar with the matter.
The nation’s biggest lender has asked banks to pitch for roles on the first-time share sale and is expected to choose advisers as soon as next month, said the people, who asked not to be identified because the process is private.
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