KUALA LUMPUR (April 5): AMMB Holdings Bhd (AmBank), which recently proposed a private placement, has fixed the issue price at RM2.75, a 10.7% discount to current trading price of RM3.08, according to sources familiar with the matter.

The private placement is said to have been offered to institutional funds and some high-net-worth individuals, and it has been oversubscribed. Sources told The Edge that Datuk Seri Nazir Razak's private equity fund, Ikhlas Capital Singapore Ptd Ltd, is among those are keen on taking up the shares.