ABC (01288) announced that, with approval from relevant regulatory authorities, the bank has issued "Agricultural Bank of China Co., Ltd. 2025 Tier-2 Capital Bonds (Phase IV) (Bond Connect)" in the national interbank bond market. The bonds were recorded on November 18, 2025, and fully issued by November 20, 2025.
The total issuance size amounted to RMB 35 billion, divided into two tranches. Tranche I consists of 10-year fixed-rate bonds totaling RMB 32 billion with a coupon rate of 2.14%, featuring a conditional issuer call option at the end of the fifth year. Tranche II comprises 15-year fixed-rate bonds worth RMB 3 billion, carrying a 2.40% coupon rate and including a conditional issuer call option at the end of the tenth year.
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