BNP Paribas, the Paris-based shareholder of First Hawaiian Bank, plans to offer 20 million shares of First Hawaiian’s common stock in an underwritten public offering.
BNP intends to grant the underwriters a 30-day option to purchase up to an additional 3 million shares of the Honolulu-based bank’s common stock.
If exercised in full, the completion of the common stock offering and the underwriter’s option would reduce BNP’s stake in First Hawaiian from 33.3 percent to 16.2 percent.…
