On November 18, Agricultural Bank of China (ABC) successfully issued its fourth tranche of Tier 2 capital bonds for 2025 in the interbank market, raising 35 billion yuan. The issuance included 32 billion yuan in 5+5-year bonds with a coupon rate of 2.14% and 3 billion yuan in 10+5-year bonds at 2.40%.
The offering exceeded the base quota of 15 billion yuan by achieving an additional issuance of 20 billion yuan. The proceeds will be used to replenish ABC's Tier 2 capital, providing strong capital support for its high-quality development.
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