Agricultural Development Bank of China Issues 3-Year and 10-Year Bonds

Cointime update: The Agricultural Development Bank of China issued a 3-year bond of 2 billion yuan at a yield of 1.2155%, versus an expected 1.2100%, with a bid-to-cover ratio of 5.63 times and a marginal ratio of 2.90 times. It also issued a 10-year bond of 5 billion yuan at a yield of 1.6110%, compared with an expected 1.6200%, drawing a bid-to-cover ratio of 6.57 times and a marginal ratio of 1.37 times.