Agricultural Bank of China plans up to RMB 200 billion tier 2 bonds

By Wendy Van Sickle

Columbus, Ohio, June 7 – Agricultural Bank of China Ltd. said it plans to issue up to RMB 200 billion of write-down eligible capital bonds.

Proceeds will be used to replenish additional tier 2 capital of the bank.

The bank has obtained regulatory approval to issue the bonds in China’s interbank bond market, according to a notice.

The commercial lender is based in Beijing.

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