ADBC Issues 3-Year Bond: CNY 4 Billion, 1.3042% Yield (vs. 1.3500% Expectation), 6.13x Bid Cover, 2.07x Marginal Cover
The Agricultural Development Bank of China (ADBC) issued a 3-year bond of RMB 4 billion at a coupon rate of 1.3042%, below the expected 1.3500%, with a bid coverage ratio of 6.13x and a marginal cover
VolFlash analysis
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VolFlash engine · 13033ms
ADBC bond auction shows strong demand and lower-than-expected yields
- 3-year yield printed 4.58 bps below expectation, bid-to-cover 6.13; 5-year 0.09 bps below, bid-to-cover 7.00; 10-year 1.18 bps above, bid-to-cover 5.92
| Asset | Bias | Rationale |
|---|---|---|
| No direct listed exposure identified — we do not map to an instrument when none is publicly tradable. | ||
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Published：2026-11-11 07:04:00 · Source：wallstcn · Automatically aggregated and analysed — verify against the original source.