HONG KONG, Sept 25 China Merchants Bank, the
country's sixth largest lender, received a solid response to
its 1.74-for-10 H-share rights issue, with the book multiple
times covered, according to two sources, Thomson Reuters IFR
The lender raised HK$7.95 billion ($1.03 billion) from the
sale of 680.4 million H shares. The price was set at HK$11.68,
or at a deep discount of 19.11 percent to the pre-deal spot.
China Merchants Bank earlier this month raised 27.52 billion
yuan ($4.49bn) from the sale of 2.96 billion A shares on the
CICC, Citigroup, Goldman Sachs and UBS were joint global
co-ordinators on the H-share rights issue, and joint bookrunners
with China Merchants Securities and CMB International. CICC and
Goldman Sachs Gao Hua Securities were joint leads on the A-share
portion, while China Merchants Securities was financial adviser.
(Reporting by Farah Master; Editing by Louise Heavens)