China Everbright Bank mandates three bookrunners for HK IPO

China International Capital Corp, Morgan Stanley and UBS bag the mandate to help the bank go public in Hong Kong.

China Everbright Bank, the country’s 11th-largest lender, has mandated China International Capital Corp CICC, Morgan Stanley and UBS for its planned H-share offering, according to sources.

The bank, which raised Rmb18.9 billion $2.8 billion from a Shanghai initial public offering last August, said in February it plans to sell 10.5 billion H-shares in a Hong Kong IPO to replenish its capital reserves. The deal will come with an overallotment option to issue an additional 1.5 billion shares in the event of strong demand, resulting in a total offering of up to 12 billion shares, the bank said in a filing to the Shanghai Stock Exchange SSE.

...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222