The Agricultural Development Bank of China (ADBC) issued four batches of financial bonds on Wednesday, with the 7-year variety drawing brisk demand from investors.
The four batches of bonds bear a maturity of 1 year, 3 years, 5 years and 7 years, with yields standing at 2.69 percent, 3.44 percent, 3.73 percent and 4.0026 percent respectively.
Insiders disclosed that the subscription ratios of the four batches of bonds reached 1.58, 2.58, 2.16 and 4.06 times the volumes offered. Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 1-year, 3-year, 5-year and 7-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 2.7317 percent, 3.5159 percent, 3.7791 percent and 4.0227 percent respectively.
These were the issuance of the 12th, 13th, 14th and 15th batches of bonds offered by the policy bank in 2015, and the issuer has reserved its rights to issue additionally the four products.
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