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Agricultural Development Bank of China Issues 4 Bonds Totaling 11 Billion Yuan

The Agricultural Development Bank of China issued four bonds on the same day: a 406-day bond of 8 billion yuan, plus 3-year, 5-year and 10-year bonds of 1 billion yuan each. All four were issued with a coupon of 0.0000% against an expected 0.0000%, with bid-to-cover and marginal ratios both at 1.00x.

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