Summary by Futu AI
Agricultural Bank of China Limited (the “Bank”) announced that its 2024 Tier II Capital Notes (Issue Two) were successfully issued on 25 April 2024. This issue totals RMB600 billion and is divided into two types, including a 10-year fixed rate bond and a 15-year fixed rate bond, each with an issue size of US$300 billion and a box office rate of 2.32% and 2.49%, respectively. The bond issue is intended to supplement the Bank's Tier II capital and has been approved by the relevant regulatory authorities. This bond issuance plan was initially approved for consideration at the general meeting on 29 June 2023. The members of the Board of Directors include Executive Directors Mr. Gu Yui, Mr. Zhang Xuguang and Mr. Lin Li, Non-Executive Director Ms. Zhou Ji, etc., and Independent Non-Executive Director Mr. Wong Chun Chung, etc.