ICBC said to have mandated four banks for follow-on

China's largest bank has named BNP Paribas, BOCI, ICBC International and UBS as the arrangers for its upcoming H-share issue, say sources.

Industrial and Commercial Bank of China has mandated BNP Paribas, BOC International, UBS and its own investment banking arm, ICBC International, for its upcoming H-share follow-on offering, according to several sources. However, a representative for one of the banks noted that ICBC hasn't made an official announcement yet, which means the line-up could potentially change.

The deal is expected to come after Agricultural Bank of China's massive initial public offering of up to $30 billion, which now seems to be...

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