By Susanna Moon
Chicago, Aug. 18 – Agricultural Bank of China Ltd. said it issued RMB 30 billion of 5.8% 10-year tier 2 capital notes.
The bank has a conditional right to redeem the bonds at the end of the fifth year, according to a press release.
Proceeds will be used to replenish the tier 2 capital of the bank.
The commercial bank is based in Beijing.
| Issuer: | Agricultural Bank of China Ltd.
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| Issue: | Tier 2 capital notes
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| Amount: | RMB 30 billion
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| Maturity: | 10 years
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| Coupon: | 5.8%
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| Call option: | At the end of the fifth year
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| Settlement date: | Aug. 18
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