New Issue: Agricultural Development Bank of China prices RMB 2 billion 3% two-year notes at par

By Christine Van Dusen

Atlanta, May 14 - Agricultural Development Bank of China priced RMB 2 billion two-year notes (expected rating: Aa3) at par to yield 3%, a market source said.

Bank of China, Standard Chartered Bank, ICBC Asia, CCB International, Agricultural Bank of China, Bank of Communications, HSBC, Credit Agricole and National Australia Bank were the bookrunners for the Regulation S deal.

Issuer:	Agricultural Development Bank of China
Amount:	RMB 2 billion
Maturity:	May 21, 2016
Description:	Notes
Bookrunners:	Bank of China, Standard Chartered Bank, ICBC Asia, CCB International, Agricultural Bank of China, Bank of Communications, HSBC, Credit Agricole, National Australia Bank
Coupon:	3%
Price:	Par
Yield:	3%
Trade date:	May 14
Settlement date:	May 21
Expected rating:	Moody's: Aa3
Distribution:	Regulation S

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