Agricultural Bank of China to redeem tier-2 capital bonds

Agricultural Bank of China Limited announced the redemption of its tier-2 capital bonds, initially issued on April 29, 2020. The bonds, with a total value of RMB40.0 billion, were issued in the National Interbank Bond Market. The redemption, effective May 6, 2025, aligns with the terms outlined in the bond prospectus, which allows the issuer to redeem the bonds in full at the fifth anniversary of issuance. The bank stated that it received approval from the National Financial Regulatory Administration before exercising its redemption right.