Agricultural Bank of China Completes RMB50 Billion Bond Issuance

Agricultural Bank of China ( (HK:1288) ) has issued an announcement.

Agricultural Bank of China Limited has successfully completed the issuance of its 2025 Undated Additional Tier 1 Capital Bonds (Series 1) in the National Interbank Bond Market, raising RMB50.0 billion. The proceeds from this issuance will be used to strengthen the bank’s additional tier 1 capital, enhancing its financial stability and capacity to absorb losses, which is crucial for maintaining its competitive position in the banking industry.

The most recent analyst rating on (HK:1288) stock is a Hold with a HK$4.80 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 the People’s Republic of China, operating as a joint stock company with limited liability. It is involved in providing a wide range of banking services and products, with a focus on agricultural and rural financing, as well as serving urban customers.

Average Trading Volume: 164,310,618

Technical Sentiment Signal: Buy

Current Market Cap: HK$2076B

For an in-depth examination of 1288 stock, go to TipRanks’ Stock Analysis page.