Published on 6/17/2021 in the Prospect News Emerging Markets Daily.
New Issue: Agricultural Bank of China sells HK$2.5 billion ½% notes due 2023
By William Gullotti
Buffalo, N.Y., June 17 – Agricultural Bank of China Ltd. issued HK$2.5 billion of ½% notes due 2023, according to according to an announcement on the Hong Kong exchange Thursday.
The notes were sold under the bank’s $15 billion medium-term note program and are expected to be listed June 18.
Joint global coordinators and joint lead managers are Agricultural Bank of China Ltd., Hong Kong Branch, ABC International, Bank of China, Bank of China (Hong Kong), Bank of Communications, China Construction Bank (Asia), Credit Agricole CIB, HSBC, Mizuho Securities and Standard Chartered Bank.
They are joined as joint lead managers by Agricultural Bank of China Ltd., Macao Branch, China Everbright Bank Hong Kong Branch, Chiyu Bank, Citigroup, CMB Wing Lung Bank Ltd., DBS Bank Ltd., Haitong International, ICBC International, ICBC (Asia) and Shanghai Pudong Development Bank Hong Kong Branch.
The issuer is a Beijing-based commercial lender.
| Issuer: | Agricultural Bank of China Ltd.
|
| Issue: | Notes
|
| Amount: | HK$2.5 billion
|
| Maturity: | 2023
|
| Bookrunners: | Agricultural Bank of China Ltd., Hong Kong Branch, ABC International, Bank of China, Bank of China (Hong Kong), Bank of Communications, China Construction Bank (Asia), Crédit Agricole CIB, HSBC, Mizuho Securities, Standard Chartered Bank, Agricultural Bank of China Ltd., Macao Branch, China Everbright Bank Hong Kong Branch, Chiyu Bank, Citigroup, CMB Wing Lung Bank Ltd., DBS Bank Ltd., Haitong International, ICBC International, ICBC (Asia) and Shanghai Pudong Development Bank Hong Kong Branch
|
| Coupon: | ½%
|
| Pricing date: | June 9
|
| Listing date: | June 18
|
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