Published on 7/30/2019 in the Prospect News Emerging Markets Daily.
New Issue: Agricultural Bank of China prices $1 billion floaters due 2022
By Angela McDaniels
Tacoma, Wash., July 30 – Agricultural Bank of China Ltd., Hong Kong Branch priced $1 billion of floating-rate notes due 2022, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The notes were issued under Agricultural Bank of China Ltd.’s $15 billion medium-term note program.
The coupon was not disclosed.
The global coordinators and lead managers were Agricultural Bank of China Ltd., Hong Kong Branch, ABC International Bank of China, Bank of Communications Co., Ltd., Hong Kong Branch, China Construction Bank (Asia) and HSBC Mizuho Securities.
Additional lead managers were China Citic Bank International, China Everbright Bank, Hong Kong Branch, Chiyu Banking Corp. Ltd., CMB Wing Lung Bank Ltd., Deutsche Bank, ICBC, Industrial Bank Co., Ltd., Hong Kong Branch, Shanghai Pudong Development Bank, Hong Kong Branch and Standard Chartered Bank.
Based in Beijing, the commercial bank has branches in mainland China, Hong Kong and Singapore.
| Issuer: | Agricultural Bank of China Ltd., Hong Kong Branch
|
| Issue: | Notes
|
| Amount: | $1 billion
|
| Maturity: | 2022
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| Lead managers: | Agricultural Bank of China Ltd., Hong Kong Branch, ABC International Bank of China, Bank of Communications Co., Ltd., Hong Kong Branch, China Construction Bank (Asia) and HSBC Mizuho Securities, China Citic Bank International, China Everbright Bank, Hong Kong Branch, Chiyu Banking Corp. Ltd., CMB Wing Lung Bank Ltd., Deutsche Bank, ICBC, Industrial Bank Co., Ltd., Hong Kong Branch, Shanghai Pudong Development Bank, Hong Kong Branch and Standard Chartered Bank
|
| Coupon: | Floating rate
|
| Pricing date: | July 23
|
| Listing date: | July 31
|
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