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Published on 10/22/2020 in the Prospect News Emerging Markets Daily.

New Issue: Agricultural Bank of China sells HK$5 billion of 1% notes due 2022

By Cady Vishniac

Detroit, Oct. 22 – Agricultural Bank of China Ltd. sold HK$5 billion of 1% notes due 2022

The notes are sold under the bank’s $15 billion medium-term note program, according to a listing announcement.

Joint global coordinators and joint lead managers for the Regulation S issue were Agricultural Bank of China Ltd. Hong Kong Branch, ABC International, Bank of China, Bank of Communications, China Construction Bank (Asia), CMB Wing Lung Bank Ltd., Credit Agricole CIB, HSBC and Standard Chartered Bank.

Joining as joint lead managers were BNP Paribas, China Everbright Bank Hong Kong Branch, China International Capital Corp., Chiyu Bank, Citigroup, CLSA, CMBC Capital, DBS Bank Ltd., Deutsche Bank, ICBC, Industrial Bank Co., Ltd. Hong Kong Branch, J.P. Morgan, Mizuho Securities and Nanyang Commercial Bank.

Based in Beijing, the commercial bank has branches in mainland China, Hong Kong and Singapore.

Issuer:Agricultural Bank of China Ltd.
Issue:Notes
Amount:HK$5 billion
Maturity:2022
Coupon:1%
Bookrunners:Agricultural Bank of China Ltd. Hong Kong Branch, ABC International, Bank of China, Bank of Communications, China Construction Bank (Asia), CMB Wing Lung Bank Ltd., Credit Agricole CIB, HSBC, Standard Chartered Bank, BNP Paribas, China Everbright Bank Hong Kong Branch, China International Capital Corp., Chiyu Bank, Citigroup, CLSA, CMBC Capital, DBS Bank Ltd., Deutsche Bank, ICBC, Industrial Bank Co., Ltd. Hong Kong Branch, J.P. Morgan, Mizuho Securities and Nanyang Commercial Bank
Pricing date:Oct. 15
Listing date:Oct. 23
Distribution:Regulation S

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