By Marisa Wong
Los Angeles, April 21 – Agricultural Bank of China Ltd. said it completed an issuance of RMB 20 billion of 1.99% three-year bonds on Tuesday.
Proceeds from these special financial bonds will be used for granting loans to small and micro enterprises in areas severely affected by the Covid-19 outbreak, including Hubei Province, Zhejiang Province, Guangdong Province and Henan Province, to support the resumption of work and production of those businesses.
Based in Beijing, the commercial bank has branches in mainland China, Hong Kong and Singapore.
| Issuer: | Agricultural Bank of China Ltd.
|
| Issue: | Bonds, 2020 first tranche
|
| Amount: | RMB 20 billion
|
| Maturity: | Three years
|
| Coupon: | 1.99%
|
| Settlement date: | April 21
|
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