ABC (01288) Completes Issuance of RMB 20 Billion Total Loss-Absorbing Capacity Non-Capital Bonds

Stock News12-01

ABC (01288) announced the successful issuance of its 2025 Total Loss-Absorbing Capacity (TLAC) Non-Capital Bonds (Third Tranche) (Bond Connect) on December 1, 2025, following bookbuilding on November 27, 2025. The total issuance amounted to RMB 20 billion, divided into three tranches.

Tranche 1 consists of 4-year fixed-rate bonds totaling RMB 14 billion with a coupon rate of 2.02%, featuring an issuer conditional redemption option at the end of the third year. Tranche 2 comprises 6-year fixed-rate bonds worth RMB 3 billion, carrying a 2.12% coupon and a conditional redemption option at the fifth year. Tranche 3 offers 11-year fixed-rate bonds valued at RMB 3 billion, yielding 2.50% with a redemption option exercisable after the tenth year.

Proceeds from the bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss-absorbing capacity in compliance with applicable laws and regulatory approvals.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment