Summary by Moomoo AI
Agricultural Bank of China Co., Ltd. (“Agricultural Bank”) announced on 12 April 2024 that it had redeemed in full the batch of RMB 400 billion bonds under the terms of the 10-year Tier II capital bonds issued in April 2019. The bond was originally issued on the national interbank bond market in April 2019 and has the issuer's redemption option at the end of the fifth year, 11 April 2024. This redemption has been approved by the State Administration of Financial Supervision.