Agricultural Bank issues 50 billion yuan TLAC non-capital debt to enhance overall loss absorption capacity.
Agricultural Bank recently issued 50 billion yuan of non-capital bonds with a total loss absorption capacity of 500 billion yuan in the interbank market. Among them, 300 billion yuan for a 3+1 year term with an interest rate of 1.85%; 50 billion yuan for a 5+1 year term with an interest rate of 1.93%; and 150 billion yuan for a 10+1 year term with an interest rate of 2.15%. Agricultural Bank stated that this bond issuance fully considered investor demand, set three different term combinations, and included an increase issuance mechanism. Thanks to strong support from investors, the bond issuance utilized the full 300 billion yuan increase issuance quota on top of the base quota of 200 billion yuan. All three term varieties of bonds were successfully increased, resulting in a total issuance of 500 billion yuan, effectively enhancing Agricultural Bank's total loss absorption capacity. Agricultural Bank mentioned that this issuance attracted enthusiastic participation from various investors, with the total subscription amount four times the base issuance quota, demonstrating the widespread recognition of Agricultural Bank's market influence.
Latest
2 m ago