Agricultural Bank of China Issues RMB35 Billion Tier 2 Capital Notes

Reuters11-20
<a href="https://laohu8.com/S/ACGBF">Agricultural Bank of China</a> Issues RMB35 Billion Tier 2 Capital Notes

Agricultural Bank of China Ltd. has announced the completion of its 2025 Tier 2 Capital Notes (Series 4) issuance through Bond Connect in the National Interbank Bond Market. The total issuance is divided into two tranches. Tranche 1 comprises RMB32.0 billion of 10-year fixed rate notes with an interest rate of 2.14%, featuring a conditional redemption right on the last day of the fifth anniversary year. Tranche 2 consists of RMB3.0 billion of 15-year fixed rate notes with an interest rate of 2.40%, with a conditional redemption right on the last day of the tenth anniversary year. The proceeds will be used to enhance the bank's Tier 2 capital in accordance with regulatory approvals.

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