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Published on 9/23/2019 in the Prospect News Emerging Markets Daily.

New Issue: Agricultural Bank of China sells $500 million floating-rate notes

Chicago, Sept. 23 – Agricultural Bank of China Ltd. priced $500 million of floating-rate notes due 2022, according to a listing notice.

The notes are being offered through the bank’s $15 billion medium-term note program.

Bookrunners are Agricultural Bank of China Ltd. Singapore Branch, Agricultural Bank of China Ltd. Hong Kong Branch, Bank of China Ltd. Singapore Branch, Bank of Communications Co. Ltd. Hong Kong Branch, China Construction Bank Corp., Singapore Branch, DBS Bank Ltd., ABCI Capital Ltd., China Citic Bank International Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, Credit Agricole CIB, Singapore Branch, Deutsche Bank AG, Singapore Branch, Industrial and Commercial Bank of China Ltd., Singapore Branch, Industrial Bank Co., Ltd. Hong Kong Branch, Mizuho Securities (Singapore) Pte. Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch and Standard Chartered Bank (Singapore) Ltd.

Based in Beijing, the commercial bank has branches in mainland China, Hong Kong and Singapore.

Issuer:Agricultural Bank of China Ltd.
Issue:Floating-rate notes
Amount:$500 million
Maturity:2022
Bookrunners:Agricultural Bank of China Ltd. Singapore Branch, Agricultural Bank of China Ltd. Hong Kong Branch, Bank of China Ltd. Singapore Branch, Bank of Communications Co. Ltd. Hong Kong Branch, China Construction Bank Corp., Singapore Branch, DBS Bank Ltd., ABCI Capital Ltd., China Citic Bank International Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, Credit Agricole CIB, Singapore Branch, Deutsche Bank AG, Singapore Branch, Industrial and Commercial Bank of China Ltd., Singapore Branch, Industrial Bank Co., Ltd. Hong Kong Branch, Mizuho Securities (Singapore) Pte. Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch and Standard Chartered Bank (Singapore) Ltd.
Issue date:Sept. 23
Listing date:Sept. 24
Rating:Moody’s: A1

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