Agricultural Bank of China (01288) has completed the issuance of RMB 20 billion in non-capital bonds for absorbing total loss capacity.

Zhixin Finance and Economics APP News, Agricultural Bank of China (01288) announced that the China Agricultural Bank Corporation Limited's 2025 total loss absorption capacity non-capital bond (third phase) (bond passage) was booked on November 27, 2025, and was fully issued on December 1, 2025. The total issuance size of this bond is RMB 20 billion, divided into three types. Type one is a 4-year fixed-rate bond with an issuance size of RMB 14 billion and a coupon rate of 2.02%, with conditional redemption rights for the issuer at the end of the third year; type two is a 6-year fixed-rate bond with an issuance size of RMB 3 billion and a coupon rate of 2.12%, with conditional redemption rights for the issuer at the end of the fifth year; type three is an 11-year fixed-rate bond with an issuance size of RMB 3 billion and a coupon rate of 2.50%, with conditional redemption rights for the issuer at the end of the tenth year. The funds raised from this bond issue, after deducting issuance costs, will be used to improve the bank's total loss absorption capacity in accordance with applicable laws and approvals from regulatory authorities.