New Issue: China’s Agricultural Development sells RMB 4.3 billion 2.6%, 2.85% bonds

By Sarah Lizee

Olympia, Wash., Aug. 11 – Agricultural Development Bank of China priced RMB 2.5 billion of 2.6% bonds due 2023 and RMB 1.8 billion of 2.85% bonds due 2025, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

The joint bookrunners and joint lead managers are Bank of China, Standard Chartered Bank, Bank of Communications, Agricultural Bank of China Limited Hong Kong Branch, ABC International, China Construction Bank (Asia), ICBC (Asia), SPDB International, CLSA, Mizuho Securities, Credit Agricole CIB, CTBC Bank, KGI Asia and DBS Bank Ltd. The joint global coordinators are Bank of China, Standard Chartered Bank and Bank of Communications.

Listing is expected to become effective on Wednesday.

Based in Beijing, the commercial bank has branches in mainland China, Hong Kong and Singapore.

Issuer:	Agricultural Development Bank of China
Issue:	Bonds
Amount:	RMB 4.3 billion
Bookrunners:	Bank of China, Standard Chartered Bank, Bank of Communications, Agricultural Bank of China Limited Hong Kong Branch, ABC International, China Construction Bank (Asia), ICBC (Asia), SPDB International, CLSA, Mizuho Securities, Credit Agricole CIB, CTBC Bank, KGI Asia and DBS Bank Ltd..
Listing date:	Aug. 12
2023 bonds
Amount:	RMB 2.5 billion
Maturity:	2023
Coupon:	2.6%
2025 bonds
Amount:	RMB 1.8 billion
Maturity:	2025
Coupon:	2.85%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.