Agricultural Bank of China inks $15 billion medium-term note program

By William Gullotti

Buffalo, N.Y., Jan. 17 – Agricultural Bank of China Ltd., Hong Kong Branch listed a $15 billion euro medium-term note program (A1/A/A), according to an offering circular.

Agricultural Bank of China (Hong Kong Branch), ABC International and Standard Chartered Bank are the arrangers for the Regulation S program.

BNP Paribas, Citigroup, Commonwealth Bank of Australia, Credit Agricole CIB, DBS Bank Ltd., Deutsche Bank, First Abu Dhabi Bank, Goldman Sachs (Asia) LLC, HSBC, JPMorgan, BofA Securities, Mizuho and Wells Fargo Securities are the dealers.

The bank is acting as its own fiscal agent, paying agent, transfer agent and registrar for program issuances.

Freshfields Bruckhaus Deringer is counsel to the bank. King & Wood Mallesons and Linklaters are counsel to the arrangers and dealers.

The securities will be listed on the Stock Exchange of Hong Kong Ltd., with the program remaining in effect for one year.

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

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