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ABC (01288.HK) Completes Issuance of RMB35 billion Tier-2 Capital Bonds
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ABC (01288.HK) announced that it has completed the issuance of its 2026 Tier-2 Capital Bonds (First Tranche) in the national interbank bond market, with a total issuance size of RMB35 billion. The bonds are divided into two tranches.\n\nTranche one is a 10-year fixed-rate bond with an issuance size of RMB33 billion and a coupon rate of 1.97%, featuring a conditional issuer call option at the end of the fifth year.\n\nTranche two is a 15-year fixed-rate bond with an issuance size of RMB2 billion and a coupon rate of 2.27%, featuring a conditional issuer call option at the end of the tenth year.\n\nThe proceeds from this bond issuance will be used to supplement Tier-2 capital in accordance with applicable laws and regulatory approvals. (ha/da)

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