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Agricultural Bank: RMB 40 billion perpetual capital bonds (third tranche) issuance completed
Jinshi data news on November 28th, ABC announced that the issuance of perpetual capital bonds (third tranche) (bond connect) in 2024 was completed, with a scale of 40 billion yuan. The fixed-rate Interest Rate for the first 5 years is 2.29%, which will be adjusted every 5 years. From the 5th year onwards, the issuer has the conditional redemption right on each interest payment date. The funds raised will be used to supplement other Tier 1 capital.