Chinese policy lender - Agricultural Development Bank of China (ADBC) will invite bidding for 26 billion yuan of 1-year, 3-year, 5-year and 7-year fixed-rate bond issues Thursday.
ADBC plans to raise seven billion yuan, seven billion yuan, six billion yuan and six billion yuan via each of the four products and reserves the right to float additional issues under these batches.
n China, bonds issued by a policy bank can enjoy zero risk weighting until maturity.
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