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Agricultural Bank of China completes CNY 50bn bond issuance

May 29, 2025 at 05:09 PM UTCBy FilingReader AI

Agricultural Bank of China (SSE:601288) has announced the successful completion of its issuance of CNY 50 billion in perpetual capital bonds (first phase) via Bond Connect. The issuance, approved by relevant regulatory authorities, was conducted in the national interbank bond market. Bookbuilding for the bonds concluded on May 27, 2025, with the issuance finalized on May 29, 2025. The bonds will carry a fixed interest rate of 2.00% for the first five years, subject to adjustment every five years thereafter. The issuer retains a conditional redemption right on each interest payment date after the initial five-year period. Proceeds from the bond issuance will be used to supplement the bank's additional Tier 1 capital.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:601288Shanghai Stock Exchange
Shanghai Blue ChipBanks

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