Agricultural Bank of China (HK:1288) has released an update.
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The Agricultural Bank of China Limited has announced the full redemption of its undated additional tier 1 capital bonds, initially issued on September 3, 2019, with a total value of RMB35.0 billion. The redemption, occurring on the fifth interest accrual year, aligns with the terms set out in the bond’s prospectus. The move marks a significant financial step for the bank, as stated in the September 6, 2024 announcement.
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