Agricultural Bank of China (SHA:601288, HKG:1288) completed the issue of 35 billion yuan of bonds divided into two tranches on Tuesday, according to a same-day Hong Kong bourse filing.
The first tranche comprises 33 billion yuan of 10-year bonds with an interest rate of 1.97%, while the second tranche of 2 billion yuan bonds has an interest rate of 2.27% and will fall due in 15 years.
The Chinese lender will use proceeds to boost its tier 2 capital.