Agricultural Bank of China Ltd, the country's third-largest lender, raised $10.5 billion when it priced its Hong Kong initial public offering at the middle of its original range, a source with direct said on Tuesday.
Beijing-based AgBank sold 25.4 billion shares in Hong Kong, or 8 percent of its enlarged share capital, at HK$3.20 (41 cents) each, compared with a recently narrowed range of HK$3.18 to HK$3.38, the sources said. The original range was HK$2.88-HK$3.48.
The bank's trading debut is set for July 15 in Shanghai and a day later in Hong Kong.
CICC, Deutsche Bank , Goldman Sachs , JPMorgan , Macquarie and Morgan Stanley are the banks handling the Hong Kong offering, along with AgBank's own securities unit. Underwriters for the Shanghai deal are CICC, Citic Securities, Galaxy and Guotai Junan Securities.
(Reporting by Michael Flaherty; Editing by )