Bond Agricultural Development Bank of China (ADBC) 3.93% ( CND100005040 ) in CNY

Issuer	Agricultural Development Bank of China (ADBC)
Market price	100 % ⇌
Country	China
ISIN code	CND100005040 ( in CNY )
Interest rate	3.93% per year ( payment 1 time a year)
Maturity	20/03/2019 - Bond has expired
Prospectus brochure in PDF format
Minimal amount	100 CNY
Total amount	20 000 000 000 CNY
Detailed description	The Agricultural Development Bank of China (ADBC) is a state-owned commercial bank primarily focused on providing financial services to the agricultural sector and rural areas in China. This financial article outlines the key characteristics of a now-matured bond, ISIN CND100005040, issued by the Agricultural Development Bank of China (ADBC). The ADBC, one of China's three policy banks, plays a critical role in supporting the nation's agricultural development and rural revitalization initiatives through financial services, including securing food supply and promoting agricultural modernization. This specific obligation, denominated in Chinese Yuan (CNY) and issued in China, carried an annual interest rate of 3.93%. The total issuance size amounted to CNY 20,000,000,000, with a minimum purchase size set at CNY 100. The bond reached its maturity on March 20, 2019, at which point it was repaid at its par value of 100%, completing its financial cycle as a fully redeemed instrument with annual interest payments throughout its tenure.