Ag. Bank of China issues $6.45b in pref shares

Agricultural Bank of China completes the second part of a total Rmb80 billion capital-raising exercise; ICBC is expected to be next as banks beef up their balance sheets.

Jing Song

March 19, 2015

Agricultural Bank of China (ABC) has completed the offering of Rmb40 billion ($6.45 billion) in preference shares. This follows another Rmb40 billion capital raising via the public offering of pref shares in November.

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