The Agricultural Development Bank of China (ADBC) auctioned 3-tranche fixed-rate financial bonds, namely 1-, 5- , and 7-year bonds on Wednesday, with the yields standing at 2.7461 percent, 3.58 percent and 3.8279 percent respectively.
These three batches of bonds drew stable demand from investors, with the subscription ratios at 1.56, 2.94 and 1.8. ADBC is a Chinese government-backed policy bank and its bonds can enjoy zero risk weighting until maturity.
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