Bond Agricultural Development Bank of China (ADBC) 4.82% ( CND10000L677 ) in CNY

Issuer	Agricultural Development Bank of China (ADBC)
Market price	100 % ▼
Country	China
ISIN code	CND10000L677 ( in CNY )
Interest rate	4.82% per year ( payment 1 time a year)
Maturity	24/01/2021 - Bond has expired
Prospectus brochure in PDF format
Minimal amount	100 CNY
Total amount	56 410 000 000 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. Analyzing the now-matured CND10000L677 bond, issued by the Agricultural Development Bank of China (ADBC) ? a critical state-owned Chinese policy bank operating under the direct leadership of the State Council and primarily focused on supporting national strategies for agricultural development, ensuring food security, and facilitating rural economic growth, whose debt instruments are consequently often perceived as having strong credit backing akin to sovereign debt within the Chinese market ? this CNY-denominated security, originating from China, bore an annual 4.82% coupon on its substantial 56,410,000,000 CNY total issuance, with a 100-unit minimum purchase, and successfully matured and was redeemed at 100% of its face value on January 24, 2021, with principal and final interest payments duly disbursed to bondholders.