Kadis Bank to enter $3 billion IPO for biodiesel project

New Zealand Kadis, a private investment bank, will invest $3 billion (€2.4 billion) through Credit Enhancement for Initial Public Offering (CEIPO) to back a biodiesel project.

The project, which will be built in Sabah, Malaysia, is to be carried out by Konsortium Jaringan Usahawan (Sabah) Sdn Bhd and its strategic partner Chinagate Capital.

The funding programme will be implemented in early 2015.