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ADBC sells CNY bonds across tenors, 2Y at 1.4851%

Agricultural Development Bank of China sold CNY 6 billion of 2-year bonds at 1.4851%, above the 1.4500% forecast, with a bid-to-cover ratio of 4.65 times. It also sold CNY 3 billion of 2-year notes at 1.4510% (4.13x) and CNY 2 billion of 7-year bonds at 1.6629% (3.31x).

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