On April 18, China Agricultural Bank Of China Limited(601288) released the announcement on the issuance of the third phase of 2022 financial bonds by the Agricultural Development Bank of China and the announcement on the bidding results on April 18 on its official website.
From April 19 to April 20, 2022, ABC plans to sell the third phase (additional issuance) financial bonds of Agricultural Development Bank of China in 2022 (the bonds are referred to as “22 Agricultural Development Bank 03”).
The distribution bond code of ABC in this distribution period is 220403×2, and the distribution period is from April 19 to April 20. The code of 220403×2 of additional bonds issued on the first day of listing after the distribution period will be changed to 220403.
22. Agfa 03 is 3 year fixed interest rate bond with a remaining term of 2.89 years and annual interest payment. The sales amount of Agricultural Bank of China shall not exceed 470 million yuan the bidding date of additional bonds in this period is April 18, 2022, the distribution date is April 19-april 20, the payment date is April 21, and the listing date is April 25. The value date of this additional issuance of bonds is April 21, 2022, the first interest payment date is March 9, 2023, the cashing date is March 9, 2025, and the coupon rate is 2.61% in case of holidays, the payment date will be postponed. The bid winning interest rate of this bond will be determined by bidding on April 18, 2022, and ABC will make an announcement on that day.
after confirmation, 22 IFAC 03 is a 3-year fixed interest rate bond with a remaining term of 2.89 years, with annual interest payment. Referring to the bidding results of the inter-bank bond market on April 18, 2022, the yield to maturity of the current bond is 2.4951%, and the full price is 100.62 yuan / share
The funds raised in this issuance are mainly used for the agricultural development bank to support the loan investment of water conservancy construction projects related to the development of “agriculture, rural areas and farmers”, such as farmland water conservancy construction, flood control project construction, water resource allocation project construction, water and soil conservation and water ecological protection construction, national major water conservancy project construction and so on.
The bonds are sold to individual customers and corporate customers (including enterprises, government institutions, etc.) who have not opened an account in the inter-bank bond market. Customers are welcome to participate in the subscription through the business outlets of ABC, personal online banking, personal bank holding and other channels. The business processing time is 10:00 a.m. to 16:30 p.m. , the minimum subscription unit is one (corresponding to the bond face value of 100 yuan), The number of subscription copies is increased by an integral multiple. There is no upper limit for subscription, first come, first served, sold out!
For the specific handling process, please refer to the business introduction of ABC portal or consult the business outlets and service hotline of ABC.
In order to protect the rights and interests of investors, the Central Clearing Company provides accounting review and query services. Investors can call the balance review and query telephone of the Central Clearing Company from the date of bond listing, input the bond custody account number according to the voice prompt, and check the bond balance information.
Attachment: coupon rate is the yield to maturity determined by public bidding at the initial issuance of the bond, and the coupon interest of the bond is calculated accordingly the bid winning interest rate of additional bonds is the yield to maturity on the date of additional issuance bidding determined according to the current market yield, bidding demand, remaining period of additional bonds and other factors during additional issuance bidding.
In addition, current bonds are issued and managed by the Agricultural Development Bank of China. China Agricultural Bank Of China Limited(601288) provides agency sales services for the issuance and subscription of current bonds. China Agricultural Bank Of China Limited(601288) does not bear the responsibility for the investment, cashing and risk management of the bonds
China Agricultural Bank Of China Limited(601288) bond market treasure products do not guarantee the principal and income, and investors’ principal may suffer losses due to market changes. Bond market treasure products should not be regarded as general savings deposit products or their substitutes any coupon rate, yield to maturity or similar expressions do not represent the actual income ultimately obtained by investors, nor do they constitute any commitment or guarantee of China Agricultural Bank Of China Limited(601288) on the income of bond market treasure products. The bond price will fluctuate due to policy, economic and other reasons. If investors sell relevant bonds during the bond holding period, the selling price may be lower than the purchase price, resulting in the risk of income reduction or even principal loss.
