OREANDA-NEWS. August 12, 2013. Hong Kong Branch of Agricultural Bank of China Limited (ABC), together with ABC International and Standard Chartered Bank, acted as the arranger and successfully established an issuance schedule for medium-term notes (MTN) with a volume of USD5 billion.
MTN is a flexible issuance mechanism, through which notes of different terms can be issued for multiple times through a single issuance schedule to meet the financing demand of enterprises.

Having established the Schedule, ABC Hong Kong Branch may issue bonds flexibly via different schedules, which will shorten the time for issuance, reduce cost of financing and expand channels of fund raising.

The establishment of the Schedule by ABC Hong Kong Branch is conducive to further expanding ABC’s investor foundation and improving its brand image and market position in the international financial market. Besides, it is also a forceful measure taken by ABC to achieve the goal of setting up an “overseas fund-raising and financing center” and building up an overseas financing platform. It will lay a solid foundation of capital source for the long-term development of Hong Kong Branch and other overseas subsidiaries of ABC.