BONDS: ADBC Rmb18.94bn 7-year Well Received
Agricultural Development Bank of China (ADBC) printed its second finance bond of the year on March 8. The seven-year fixed-rate issue priced at 3.38% was well received which triggered an upsizing to Rmb18.94bn (US$2.7bn) from Rmb15bn initially, thanks to the ample liquidity in the domestic market.
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