Australia based Universal Bank Agricultural Bank of China Ltd [Sydney] has finalised a private placement in the CNY Zero Coupon Poon Choi Bond market. The financing matures in 2026 and was executed by a single dealer.
A Poon Choi bond is an HKD-denominated bond issued by a non-Hong-Kongese entity in the Hong-Kongese Foreign Bond market.
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| Issuer Details | |
| Issuer | Agricultural Bank of China Ltd [Sydney] |
| LEI | 549300E7TSGLCOVSY746 |
| Industry | Bank - Diversified |
| Country | Australia |
| Issuer Description | The Agricultural Bank of China Limited, Sydney Branch obtained the authority to carry on banking business from APRA on 25 March 2015. The Branch consists of 7 departments including Corporate Banking, Financial Markets, Trade Finance, Operations (IT), Risk Management & Compliance, Finance & Accounting and Administration. The Sydney Branch conducts business activities with multinational enterprises, Chinese inbound investors in Australia, Australian companies and financial institutions, providing its clients with a vast array of banking products to satisfy their requirements. To better service its clients globally, the Sydney Branch utilises the Bank’s extensive network, abundant resources and closely works together with its domestic branches.. Agricultural Bank of China Sydney branch is the Australian branch of the Chinese bank founded in 1951. |
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| Trade Details | |
| Security Type | Bond |
| Amount | CNY [Login to see full details] |
| Total Amount including taps | CNY [Login to see full details] |
| Total Amount Outstanding | CNY [Login to see full details] |
| Total Order Book | CNY [Login to see full details] |
| Structure | Zero Coupon |
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A Poon Choi bond is an HKD-denominated bond issued by a non-Hong-Kongese entity in the Hong-Kongese Foreign Bond market.
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