New 1 Billion RMB bond by Agricultural Development Bank of China traded on CEINEX
Frankfurt a.M. / Germany, June 04, 2019 – On Friday, May 31, Agricultural Development Bank of China (ADBC), one of China’s three policy banks, listed a new Renminbi (RMB) denominated bond (ISIN: XS2001754766) in the China Europe International Exchange marketplace and is traded through the open markets quotes section of the Frankfurt Stock Exchange. The new bond has a maturity of 3 years and was sized at RMB 1 billion at an interest rate of 3.23%. It was almost three times oversubscribed and aimed mainly at international institutional investors. The bond is also traded on the Luxembourg Stock Exchange, the Hong Kong Stock Exchange, the London Stock Exchange, and the China (Macau) Financial Assets Trading.
The ADBC is not only one of the three major bond issuers in China, but also the largest bond issuer around the concept “agriculture, rural areas and farmers”. By the end of 2018, the Agricultural Development Bank had issued a total of about RMB 8 trillion of domestic RMB bonds, currently outstanding bonds are at RMB 4.2 trillion, and issued foreign bonds worth RMB 3 billion.
ADBC’s bond program attracts lots of high-quality foreign investors, including multinational central banks, sovereign funds, banks, Investment banks, funds and asset management companies. The success demonstrated the high recognition of international investors for ADBC.
Dr. Chen Han, Co-CEO of CEINEX, commented: “The second successful issuance of Agricultural Development Bank of China’s (ADBC) RMB-denominated bond successfully proves the Chinese quasi-sovereign financial institutions going global practice and their active participation in international financial markets. As a platform for China-Europe financial cooperation, China Europe International Exchange (CEINEX) provides new opportunities to European and global investors to trade China-related exchange listed financial assets. In the future, CEINEX will continue to strengthen communication with all involved market participants and further contribute to Sino-European financial cooperation and global green development.”
About China Europe International Exchange AG (CEINEX)
Based in Frankfurt/Main, Germany, CEINEX is a joint venture established by the Shanghai Stock Exchange, the Deutsche Börse Group, and the China Financial Futures Exchange. As the first marketplace for RMB-related and China-related investment products in the Chinese offshore market, it acts as a unique bridge between the Chinese and international financial markets. CEINEX is dedicated to providing reliable offshore RMB- and China-related financial instruments to investors, so as to promote RMB internationalization.
More information on www.ceinex.com
About Agricultural Development Bank of China (ADBC)
Established in 1994 with a registered capital of RMB57 billion, the Agricultural Development Bank of China (“ADBC” or the “Bank”) is the only agricultural policy bank in China under the direct leadership of the State Council. Our mission is to raise funds through market based on national credit, and act as a strategic pillar of the country in supporting the development of agriculture, rural areas, and farmers. Our aim is to build an agricultural policy bank with a specified position, well-performed functions, clearly-defined business lines, adequate capital, sound management, strict internal control, safe operation, quality service and sustainable development.
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