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Agricultural Bank of China ( (HK:1288) ) just unveiled an announcement.
Agricultural Bank of China Limited has successfully completed the issuance of its 2025 Undated Additional Tier 1 Capital Bonds (Series 2) through the National Interbank Bond Market. The bonds, amounting to RMB40.0 billion with a distribution rate of 2.27% for the first five years, will bolster the bank’s Tier 1 capital, enhancing its financial stability and capacity to absorb losses, which is crucial for maintaining its competitive position in the banking sector.
The most recent analyst rating on (HK:1288) stock is a Buy with a HK$6.00 price target. To see the full list of analyst forecasts on Agricultural Bank of China stock, see the HK:1288 Stock Forecast page.
More about Agricultural Bank of China
Agricultural Bank of China Limited is a major financial institution in China, operating as a joint stock company with limited liability. It is involved in providing a wide range of banking services, with a focus on agricultural financing and rural development, and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 124,904,593
Technical Sentiment Signal: Buy
Current Market Cap: HK$3036.4B
For detailed information about 1288 stock, go to TipRanks’ Stock Analysis page.