Chinese broker Guotai Junan raises $2.1 bln in HK offering-source

HONG KONG, April 3 (Reuters) - Guotai Junan Securities Co

Ltd, China's third-largest brokerage by assets,

raised $2.1 billion in a rare fixed-price share offering that

was the biggest such sale in Hong Kong in six months, a source

with direct knowledge of the deal said on Monday.

The Shanghai-listed company offered 1.04 billion new shares

at a fixed price of HK$15.84 each, putting the total deal at

HK$16.5 billion ($2.12 billion). The shares were originally

offered at a discount of 25 percent to Guotai Junan's closing

price in Shanghai on March 24, but a decline in the shares last

week narrowed that discount to about 23 percent.

A fixed-price share offering is unusual, with most deals

setting an indicative range before deciding on the final

pricing, depending on demand.

Guotai Junan did not immediately respond to a Reuters

request for comment on the share sale.

(Reporting by Elzio Barreto; Editing by Stephen Coates)