Agricultural Bank of China (HK:1288) has released an update.
The Agricultural Bank of China has successfully issued its ‘2024 Undated Additional Tier 1 Capital Bonds (Series 2)’ valued at RMB 60 billion, with a 2.46% distribution rate for the first five years, after receiving approval at its 2022 annual general meeting and from regulatory authorities. These bonds will support the replenishment of the bank’s additional tier 1 capital. The issuance was completed on June 5, 2024, enhancing the bank’s capital structure and financial stability.
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