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Provider: Reuters Investment Profile
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Provider: Reuters Investment Profile
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Provider: Thomson Reuters Stock Report
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Provider: Thomson Reuters Stock Report
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Agricultural Bank of China Ltd to Issue Tier-2 Capital Instruments with Write-down Feature


Tuesday, 18 Jun 2013 08:00pm EDT 

Agricultural Bank of China Ltd announced that it will issue tier-2 capital instruments with write-down feature worth up to RMB 50 billion, with a term of no less than five years to domestic institutional investors. The interest rate will be determined according to market interest rates. The proceeds will be used for secondary capital increase and capital adequacy ratio raise.