Everbright Bank Said to Seek $2.8 Billion in Hong Kong Offering

China Everbright Bank Co. is seeking as much as $2.8 billion in Hong Kong’s biggest first-time share sale this year, three people with knowledge of the matter said.

The lending unit of state-controlled China Everbright Group is offering 5.06 billion new shares at HK$3.83 to HK$4.27 apiece, said the people, who asked not to be identified because the information is private. Shares of Beijing-based Everbright Bank have traded in Shanghai since 2010.