---
title: "Agricultural Bank of China Raises RMB35 Billion with 2026 Tier 2 Capital Notes"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286107140.md"
description: "Agricultural Bank of China has successfully issued RMB35 billion in 2026 Tier 2 Capital Notes, consisting of a 10-year tranche of RMB33 billion at 1.97% and a 15-year tranche of RMB2 billion at 2.27%. The proceeds will enhance the bank's Tier 2 capital, supporting regulatory compliance and future growth. This issuance reflects strong investor interest in the bank's subordinated instruments. The latest analyst rating for the bank's stock is a Buy, with a price target of HK$6.20."
datetime: "2026-05-12T13:02:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286107140.md)
  - [en](https://longbridge.com/en/news/286107140.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286107140.md)
---

# Agricultural Bank of China Raises RMB35 Billion with 2026 Tier 2 Capital Notes

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

Agricultural Bank of China Limited has completed the issuance of its 2026 Tier 2 Capital Notes (Series 1) via the National Interbank Bond Market under the Bond Connect scheme. The offering totaled RMB35.0 billion, split into a 10-year fixed-rate tranche of RMB33.0 billion at 1.97% with a conditional call at year five, and a 15-year fixed-rate tranche of RMB2.0 billion at 2.27% with a conditional call at year ten.

Proceeds from the transaction will be used to strengthen the bank’s Tier 2 capital in line with regulatory approvals, reinforcing its capital adequacy and supporting future business growth. The successful placement underscores ongoing investor appetite for the bank’s subordinated instruments and enhances its flexibility in meeting regulatory capital requirements while maintaining a presence in the onshore bond and Bond Connect markets.

The most recent analyst rating on (HK:1288) stock is a Buy with a HK$6.20 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 one of China’s major state-owned commercial banks, operating across retail and corporate banking with a strong focus on serving the agricultural sector and broader rural economy. Listed in Hong Kong, it also participates actively in domestic and international capital markets to support its balance sheet and capital structure.

**Average Trading Volume:** 94,206,649

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** HK$2718B

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