Agricultural Bank of China Limited announced the completion of the issuance of the "2025 Undated Additional Tier 1 Capital Bonds (Series 2) (Bond Connect)." The extraordinary general meeting held on 21 February 2025 approved the proposal for the issuance quota of capital instruments and total loss-absorbing capacity non-capital bonds. The book running for the Bonds took place on 28 October 2025, and the issue of the Bonds was completed on 30 October 2025. The principal amount of the Bonds is RMB 40.0 billion, with a distribution rate of 2.27% during the first five years, which will be adjusted every five years.
The issuer has conditional redemption rights on every distribution payment date starting from the fifth distribution payment date. The proceeds from the issuance will be used to replenish the Bank's additional Tier 1 capital in accordance with applicable laws and regulatory approvals.
