Chinese policy lender - the Agricultural Development Bank of China (ADBC) will float 20 billion yuan additional issues for its 9th, 10th and 11th batches of bonds issued this year on June 1. ADBC intends to raise eight billion yuan, eight billion yuan and four billion yuan via the 1-year, 3-year and 5-year fixed-rate bond products. It reserves rights to sell more additional issues for the three bond products in future. In China, bonds issued by a policy bank can enjoy zero risk weighting until maturity.
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