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Agricultural Bank of China plans up to RMB 40 billion tier 2 bonds
By Sarah Lizee
Olympia, Wash., April 24 – Agricultural Bank of China Ltd. said it plans to issue up to RMB 40 billion of tier 2 capital bonds.
The company recently obtained regulatory approval to issue the bonds in China’s interbank bond market, according to a notice.
Based in Beijing, the commercial bank has branches in mainland China, Hong Kong and Singapore.
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