Agricultural Bank of China: plans to issue the first phase of TLAC non-capital bonds (Bond Connect) within the year, with an issuance amount of 30 billion RMB

On August 23, Jin10 Data learned that Agricultural Bank of China plans to issue the first batch of non-capital bonds for total loss absorption capacity in 2024 (Bond Connect). The basic issuance scale of this bond is RMB 30 billion, of which the basic issuance scale of Type 1, Type 2, and Type 3 are RMB 15 billion, RMB 10 billion, and RMB 5 billion, respectively. The bookkeeping date of this bond is August 28, and the raised funds, after deducting the issuance expenses, will be used to improve the total loss absorption capacity of the Agricultural Bank of China in accordance with applicable laws and regulatory approvals.

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