Business

Editor: Zoe Zhang
13 Nov 2008 10:21:18 GMT

Nov. 13, 2008 (China Knowledge) – Agricultural Development Bank of China (ADBC) announced on Thursday that it will issue RMB 12 billion worth of 7-year fixed-rate financial bonds next Tuesday, sources reported.

The lender said in a statement released today that the value date and payment due day both starts from Nov. 24, 2008, and yield will be paid annually.

After the primary bidding, ADBC has the option to add no more than RMB 6 billion to the issue.

This is the nineteenth batch of financial bonds of ADBC in 2008, which plans to issue RMB 200 billion worth of medium and long-term bonds and RMB 60 billion worth of short-term notes for the whole year.

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