ABC adjusts preferred share dividend rate to 3.77%

Agricultural Bank of China (ABC) has announced an adjustment to the dividend rate for its second phase of preferred shares ("Agricultural Bank Preferred 2," code "360009"), effective March 11, 2025. This adjustment follows the terms outlined in the offering circular, which stipulates a five-year dividend rate adjustment period. The new dividend rate will be 3.77%, comprised of a 1.53% base rate (the average yield of 5-year Chinese treasury bonds prior to March 6, 2025) and a fixed premium of 2.24%. The dividend will be paid annually. The fixed premium was set at the time of issuance and remains unchanged.