Agricultural Bank of China (HK:1288) has released an update.
The Agricultural Bank of China Limited has announced the full redemption of its 2019 undated additional tier 1 capital bonds on the fifth interest accrual year, as per the terms set out in the original prospectus. This redemption, completed on August 20, 2024, applies to bonds with a total value of RMB85.0 billion. The exercise of this redemption right underscores the bank’s financial management strategies.
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