TREE NEWS update: Agricultural Development Bank of China (ADBC) issued bonds across four tenors on Friday, raising a total of 24 billion yuan. The 3-year tranches of 7 billion and 3 billion yuan priced at 1.4394% and 1.4171%, respectively, while the 5-year and 10-year offerings of 5 billion and 9 billion yuan yielded 1.5348% and 1.7804%. Bid-to-cover ratios ranged from 4.33 to 5.47 times.
ADBC issues CNY bonds totaling 24 bln across tenors
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