Agricultural Bank to issue 50 billion subprime debt to raise capital adequacy ratio

NetEase Finance January 6 News Agricultural Bank announced in the evening, the company's board of directors through the company issued subordinated bonds Bill.　　The company intends to issue a subordinated bond of not more than 50 billion yuan to enrich the subsidiary capital and increase the capital adequacy ratio.　　The Agricultural bank said that the matter should also be submitted to the shareholders ' general meeting for further examination and approval from the shareholders ' meeting within 24 months from the date of validity.　　July 2010, the Agricultural Bank completed A+H listed, of which, a a-share of the total fund-raising amounted to 68.528 billion yuan, h-shares raised capital of HK $93.515 billion, a+h total to raise the total amount of up to 22.114 billion U.S. dollars, then surpass ICBC as the world's largest IPO.　　The third quarterly Bulletin of Agricultural Bank showed that by the end of September 2010, AgBank's core capital adequacy ratio (9.75%) and capital adequacy ratio (11.38%) increased by 3.03% and 3.07% respectively June 30, 2010. As of January 6 closed, the Agricultural bank reported 2.61 yuan, down 0.76%.