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China: ADBC issues billions in overseas bonds to promote rural vitalization, COVID-19 containment

Agricultural Development Bank of China (ADBC)

The Agricultural Development Bank of China (ADBC) has launched nearly 619 million U.S. dollars in overseas bonds to support the COVID-19 containment and economic recovery, and promote rural vitalization.

The issuance by China’s third-largest bonds issuer was well-received by overseas investors, ADBC said.

As per the bank, it marked its first batch of overseas yuan-dominated bonds after receiving new quota approval from the National Development and Reform Commission this year.

Editorial Desk at Agrigate.Global

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