Agricultural Bank Completes RMB 50 Billion Subordinated Bond Sale

Deep News17:40

Agricultural Bank of China has announced the successful completion of its latest capital-raising initiative in the interbank bond market. The issuance of the "Agricultural Bank of China 2026 Subordinated Bond (Tranche II) (Bond Connect)" was finalized on August 28, following official regulatory approval.

The bond, which was priced on August 26, represents a 10-year fixed-rate instrument with a total scale of RMB 50 billion and a coupon rate of 1.87%. Notably, the bond includes a conditional issuer call option exercisable at the end of the fifth year.

Proceeds from this issuance are designated to bolster the bank's Tier 2 capital base, in accordance with applicable legal requirements and regulatory approvals, marking another strategic step in strengthening its financial position.

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