Published on 10/27/2020 in the Prospect News Emerging Markets Daily.
New Issue: Agricultural Development Bank of China sells RMB 5.7 billion of bonds
By Rebecca Melvin
New York, Oct. 27 – Agricultural Development Bank of China sold RMB 2.2 billion of 3.05% bonds due 2023, RMB 1.5 billion of 3.25% bonds due 2025 and RMB 2 billion of 3.8% bonds due 2030, according to a notice of listing on the Singapore Stock Exchange.
Bookrunners were Agricultural Bank of China Ltd. Hong Kong Branch, ABCI Capital Ltd., China Construction Bank (Asia) Corp. Ltd., Industrial and Commercial Bank of China (Asia) Corp. Ltd., SPDB International Capital Ltd., CLSA Ltd. Mizuho Securities Asia Ltd., Credit Agricole CIB, CTBC Bank Co. Ltd., KGI Asia Ltd. and DBS Bank Ltd.
Listing was expected for Wednesday.
Based in Beijing, the commercial bank has branches in mainland China, Hong Kong and Singapore.
| Issuer: | Agricultural Development Bank of China
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| Issue: | Bonds
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| Amount: | RMB 5.7 billion
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| Bookrunners: | Agricultural Bank of China Ltd. Hong Kong Branch, ABCI Capital Ltd., China Construction Bank (Asia) Corp. Ltd., Industrial and Commercial Bank of China (Asia) Corp. Ltd., SPDB International Capital Ltd., CLSA Ltd. Mizuho Securities Asia Ltd., Credit Agricole CIB, CTBC Bank Co. Ltd., KGI Asia Ltd. and DBS Bank Ltd.
|
| Announcement date: | Oct. 27
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| Listing date: | Oct. 28
|
|
|
| Bonds due 2023
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| Amount: | RMB 2.2 billion
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| Maturity: | 2023
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| Coupon: | 3.05%
|
|
|
| Bonds due 2025
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| Amount: | RMB 1.5 billion
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| Maturity: | 2025
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| Coupon: | 3¼%
|
|
|
| Bonds due 2030
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| Amount: | RMB 2 billion
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| Maturity: | 2030
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| Coupon: | 3.8%
|
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