Ge Long Hui·2025-08-05 10:49Core Viewpoint - Agricultural Bank of China (01288.HK) has announced the issuance of "Agricultural Bank of China Co., Ltd. 2025 Total Loss Absorption Capacity Non-Capital Bonds (Second Phase)" approved by relevant regulatory authorities, with a total issuance scale of RMB 50 billion [1] Summary by Categories Bond Issuance Details - The bond issuance consists of three varieties: - Type One: 4-year fixed-rate bond with an issuance scale of RMB 30 billion and a coupon rate of 1.85%, with a conditional issuer call option at the end of the third year [1] - Type Two: 6-year fixed-rate bond with an issuance scale of RMB 5 billion and a coupon rate of 1.93%, with a conditional issuer call option at the end of the fifth year [1] - Type Three: 11-year fixed-rate bond with an issuance scale of RMB 15 billion and a coupon rate of 2.15%, with a conditional issuer call option at the end of the tenth year [1] Use of Proceeds - The funds raised from this bond issuance, after deducting issuance costs, will be used to enhance the bank's total loss absorption capacity in accordance with applicable laws and regulatory approvals [1]