The Agricultural Development Bank of China (ADBC) would auction 3-tranche financial bonds, namely 1-, 5- and 7-year products on August 12.
These are the sequel for 12th, 15th and 16th batches of financial bonds auctioned by the policy bank this year, with the auction amount standing at 9 billion yuan, 7 billion yuan and 7 billion yuan, respectively. ADBC is a Chinese government-backed policy bank and its bonds can enjoy zero risk weighting until maturity.
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