The Agricultural Bank of China (ABC) announced that its 2024 first phase Total Loss Absorbing Capacity (TLAC) non-capital bonds (bond notes) were fully issued on August 30, 2024. The total size of the bond issuance reached 50 billion yuan, divided into three varieties, including 4-year, 6-year, and 11-year fixed-rate bonds, with respective coupon rates of 2.18%, 2.24%, and 2.39%. Each variety of bonds has a conditionally callable redemption right for the issuer. The purpose of this bond issuance is to enhance ABC's total loss absorbing capacity. After deducting the issuance expenses, the raised funds will be used for relevant purposes in accordance with the law. This project was previously approved by the 2023 Annual General Meeting of Shareholders and has received approval from relevant regulatory institutions.

The Agricultural Bank of China (ABC) announced that its 2024 first phase Total Loss Absorbing Capacity (TLAC) non-capital bonds (bond notes) were fully issued on August 30, 2024. The total size of the bond issuance reached 50 billion yuan, divided into three varieties, including 4-year, 6-year, and 11-year fixed-rate bonds, with respective coupon rates of 2.18%, 2.24%, and 2.39%. Each variety of bonds has a conditionally callable redemption right for the issuer. The purpose of this bond issuance is to enhance ABC's total loss absorbing capacity. After deducting the issuance expenses, the raised funds will be used for relevant purposes in accordance with the law. This project was previously approved by the 2023 Annual General Meeting of Shareholders and has received approval from relevant regulatory institutions.