Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
Agricultural Devt Bank of China to auction RMB 12 bln bonds

Sep. 4, 2012 (China Knowledge) - Agricultural Development Bank of China (ADBC), one of the three policy banks in the country, has announced that it plans to auction up to RMB 12 billion of fixed-rate bonds with a maturity of five years on the interbank market on Sep. 7.

In a statement, ADBC said it will have rights to issue additional bonds worth up to RMB 5 billion.

Both value and payment due date will be on Sep. 13 and the to-be-issued bonds tradable Sep. 19.
Interests will be paid annually Sep. 13. This will be the 17th financial bonds issued by the lender this year.
On Aug. 28, the bank issued RMB 25 billion of seven-year financial bonds with a coupon rate of 3.99%.
In 2012, ADBC plans to float RMB 420 billion of bonds. The bank issued 20 tranches of bonds worth a total of RMB 447.27 billion in 2011, China Knowledge reported earlier.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved