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 provides an overview of a specific bond (ISIN: HK0000646973) issued by the Agricultural Development Bank of China (ADBC), a vital state-owned policy bank in the People's Republic of China. Established to provide financial support for agricultural and rural development, ADBC plays a crucial role in implementing China's national strategies related to food security and poverty alleviation, making it a significant issuer in the domestic and international debt markets. This particular bond, denominated in Chinese Yuan (CNY), offers a fixed annual interest rate of 3.25% and is set to mature on October 27, 2025. With coupon payments occurring once per year, the bond is currently trading on the market at 100.57% of its par value, indicating its present valuation relative to its face amount.
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HK0000646973 ( in CNY )
