ABC (01288.HK): completes RMB 50 bln tier-2 bond issue
ABC (01288.HK) completed a RMB 50 billion 10-year tier-2 capital bond issue at a 1.75% coupon, with proceeds used to replenish tier-2 capital after approval.
Key Highlights:
- The bonds were bookbuilt on 3 November 2026 and completed on 5 November 2026 at RMB 50 billion.
- The 10-year fixed-rate bonds carry a 1.75% coupon and a conditional issuer redemption right at year five.
NewTimeSpace News: On 5 November 2026, Agricultural Bank of China Limited (stock code: 01288) said that, with regulatory approval, it issued its 2026 fourth tranche tier-2 capital bonds (Bond Connect) in the national interbank bond market. The bonds were bookbuilt on 3 November 2026 and the issue was completed on 5 November 2026.
The 10-year fixed-rate bonds total RMB 50 billion with a coupon of 1.75%, carrying a conditional issuer redemption right at the end of year five. Proceeds will replenish the bank's tier-2 capital in accordance with applicable laws and regulatory approvals.
