Agricultural Bank of China (ABC) has recently successfully issued its 2026 Special Financial Bonds for Agriculture, Rural Areas and Farmers on the interbank market, with a total issuance volume of RMB 20 billion. This represents the largest issuance of this bond category so far this year.

The 3-year bond issue consists of two tranches: a RMB 10 billion fixed-rate tranche priced at 1.49%, and a RMB 10 billion floating-rate tranche benchmarked against the 7-day weighted pledged repo rate among deposit-taking institutions (DR007), with an offering rate of 1.52%IMF eLibra....

The offering drew strong subscriptions from a broad range of institutional investors, including large state-owned commercial banks, joint-stock commercial banks, insurance companies, urban commercial banks, rural commercial banks, fund management firms and securities companies. The proceeds will be deployed strictly in line with the national strategy to accelerate agricultural and rural modernization. The funds will be used to issue agriculture-related loans, improve financial services that strengthen agriculture, benefit farmers and enrich rural areas, and channel financial support toward the comprehensive revitalization of rural China.

Source: Shanghai Securities News