CLPHY CLP Holdings Ltd (PK)

By Caroline Henshaw

SYDNEY--CLP Holdings Ltd.'s (0002.HK) TRUenergy has appointed Deutsche Bank, UBS and Bank of America Merrill Lynch as the leading banks for its upcoming 3 billion Australian dollar (US$2.98 billion) initial public offering, people familiar with the matter said on Thursday.

TRUenergy's IPO is expected to take place in November and would be the biggest listing in Australia since QR National Ltd.'s (QRN.AU) A$4.6 billion listing in late 2010, the people said.

TRUenergy spokesman Carl Kitchen declined to comment on the selection of banks.

Write to Caroline Henshaw at caroline.henshaw@dowjones.com