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Agricultural Bank of China to list US$15B medium-term note program

Agricultural Bank of China Ltd. plans to list its US$15 billion guaranteed medium-term note program on Hong Kong's stock exchange.

Under the program, the bank plans to issue debt to professional investors over a 12-month period.

The bank said that it applied to list its medium-term note program on the Hong Kong stock exchange. The lender expects the listing to take effect Oct. 16.

Agricultural Bank of China Ltd. Hong Kong Branch, ABC International and Standard Chartered Bank are the arrangers for the program.