MT Newswires Live10-16 09:00
Agricultural Bank of China (SHA:601288, HKG:1288) completed the issuance of 40 billion yuan bonds in two tranches, according to a Friday filing with the Shanghai bourse.
The lender issued 30 billion yuan of four-year bonds with a coupon rate of 1.62% and 10 billion yuan of six-year bonds with an interest rate of 1.72%.
Proceeds will be used to improve the bank's total loss-absorbing capacity, the filing said.
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