Agricultural Bank of China Limited (ABC) has completed the issuance of its 2026 Total Loss-Absorbing Capacity (TLAC) eligible non-capital bonds (Series 2) via Bond Connect, raising RMB30.00 billion in the National Interbank Bond Market. Book-building closed on 15 May 2026, and settlement was finalized on 19 May 2026.

The offering comprises three fixed-rate tranches:

• Tranche 1: RMB16.00 billion, 4-year tenor, 1.75% coupon, with a conditional call option at the end of year 3.

• Tranche 2: RMB13.00 billion, 6-year tenor, 1.92% coupon, callable at the end of year 5.

• Tranche 3: RMB1.00 billion, 11-year tenor, 2.23% coupon, callable at the end of year 10.

Net proceeds, after deducting issuance expenses, will be dedicated to enhancing the bank’s TLAC in line with regulatory approvals.