Agricultural Bank of China launches $1.5 billion MTN program

By Marisa Wong

Morgantown, W.Va., Nov. 23 – Agricultural Bank of China Ltd. has established a $1.5 billion medium-term note program, according to a notice.

Notes will be issued through Inventive Global Investments Ltd. and guaranteed by Agricultural Bank of China Ltd., Hong Kong Branch.

Agricultural Bank of China, Hong Kong Branch and ABCI Capital Ltd. are the dealers for the Regulation S program.

Listing of the program on the Stock Exchange of Hong Kong Ltd. is expected to take effect Thursday.

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

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