ABC Issues RMB30.00 Billion TLAC-Eligible Non-Capital Bonds in Three Tranches

Bulletin Express

May 19

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/1121319509"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1121319509\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1121319509?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-19 18:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1121319509","market":"hk","top_or_hot":-1,"title":"ABC Issues RMB30.00 Billion TLAC-Eligible Non-Capital Bonds in Three Tranches","media":"Bulletin Express","content":"<p>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.</p>\n<p>The offering comprises three fixed-rate tranches:</p>\n<p>• Tranche 1: RMB16.00 billion, 4-year tenor, 1.75% coupon, with a conditional call option at the end of year 3.</p>\n<p>• Tranche 2: RMB13.00 billion, 6-year tenor, 1.92% coupon, callable at the end of year 5.</p>\n<p>• Tranche 3: RMB1.00 billion, 11-year tenor, 2.23% coupon, callable at the end of year 10.</p>\n<p>Net proceeds, after deducting issuance expenses, will be dedicated to enhancing the bank’s TLAC in line with regulatory approvals.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ABC Issues RMB30.00 Billion TLAC-Eligible Non-Capital Bonds in Three Tranches</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nABC Issues RMB30.00 Billion TLAC-Eligible Non-Capital Bonds in Three Tranches\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-05-19 18:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>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.</p>\n<p>The offering comprises three fixed-rate tranches:</p>\n<p>• Tranche 1: RMB16.00 billion, 4-year tenor, 1.75% coupon, with a conditional call option at the end of year 3.</p>\n<p>• Tranche 2: RMB13.00 billion, 6-year tenor, 1.92% coupon, callable at the end of year 5.</p>\n<p>• Tranche 3: RMB1.00 billion, 11-year tenor, 2.23% coupon, callable at the end of year 10.</p>\n<p>Net proceeds, after deducting issuance expenses, will be dedicated to enhancing the bank’s TLAC in line with regulatory approvals.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01288","symbol_name":"农业银行","start_time":0,"source_url":"","article_id":"1121319509","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121319509","pubTimestamp":1779187412,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"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...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01288":"农业银行"},"translate_title":"农行分三期发行300亿元非资本债券","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01288":1},"content_text":"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.\nThe offering comprises three fixed-rate tranches:\n• Tranche 1: RMB16.00 billion, 4-year tenor, 1.75% coupon, with a conditional call option at the end of year 3.\n• Tranche 2: RMB13.00 billion, 6-year tenor, 1.92% coupon, callable at the end of year 5.\n• Tranche 3: RMB1.00 billion, 11-year tenor, 2.23% coupon, callable at the end of year 10.\nNet proceeds, after deducting issuance expenses, will be dedicated to enhancing the bank’s TLAC in line with regulatory approvals.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}