New bond issue: Agricultural Bank of China issued international bonds with a 2.5% coupon for USD 500.0m maturing in 2020

September 13, 2017 - Cbonds

 

September 12, 2017 Agricultural Bank of China issued international bonds with a 2.5% for USD 500.0m maturing in 2020. Bonds were sold at a price of 99.914% with an initial yield of 2.54%. Bookrunner: Agricultural Bank of China, Bank of Communications, Bank of China, China Everbright Bank, China International Capital Corporation (CICC), China Minsheng Banking, China Securities (International) Finance, Credit Agricole CIB, DongXing Securities, ICBC, Shanghai Pudong Development Bank
Depository: Clearstream Banking S.A.
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Issuer, issue numberAgricultural Bank of China, 2.5% 19sep2020, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount500,000,000
ISINXS1683356874
End of placement09/12/2017
Initial issue price99.914
Yield at pricing2.54
Coupon2.5%
Coupon frequency2 time(s) per year
Settlement date09/19/2017
Maturity date09/19/2020
Issue ManagersBookrunner: Agricultural Bank of China, Bank of Communications, Bank of China, China Everbright Bank, China International Capital Corporation (CICC), China Minsheng Banking, China Securities (International) Finance, Credit Agricole CIB, DongXing Securities, ICBC, Shanghai Pudong Development Bank Depository: Clearstream Banking S.A.
Trading floorHong Kong S.E.
Issuer: Agricultural Bank of China
Issuer profile:
AGRICULTURAL BANK OF CHINA LIMITED is a commercial bank. The Bank operates its businesses primarily through corporate banking, including corporate deposit, corporate loan, note discount, small-sized ... more
Outstanding issues:
9 issuesUSD4,450,000,000
3 issuesHKD150,000,000
13 issuesCNY181,850,000,000
Issuer rating:
Moody's Investors ServiceA2/StableLT- foreign currency05/24/2017
Moody's Investors ServiceA2/StableLT- local currency05/24/2017
S&P Global RatingsA/StableForeign Currency LT09/27/2016
S&P Global RatingsA/StableLocal Currency LT09/27/2016
Fitch RatingsA/StableLT Int. Scale (foreign curr.)05/23/2017
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150 000
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countries
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