1 01October 2 1 day, China Agricultural Development Bank successfully issued1year, 4-year and 6-year policy financial bonds through public bidding in Shenzhen Stock Exchange, with the circulation of 3 billion yuan, 5 billion yuan and 2 billion yuan respectively, totaling1billion yuan.

The interest rates of the three bonds were 2.27%, 3.04% and 3.2 1% respectively, which were 25BP, 13BP and 9BP lower than the previous year's valuation of bonds with the same maturity, and the subscription multiples were 3.57 times, 3.9/kloc-0 times and 4.2 times respectively, and they won the bid for CITIC Securities, Industrial Bank and Bank of Communications.

This issue is the first time for Agricultural Development Bank to issue financial bonds 202 1 on Shenzhen Stock Exchange;

It is also an effective measure for the Agricultural Development Bank to continuously implement the China People's Bank and the China Securities Regulatory Commission's proposal to promote the interconnection between the interbank market and the exchange bond market, which is conducive to promoting the multi-level system construction of the bond market and continuously consolidating the diversified financing channels of the Agricultural Development Bank.

At the same time, the issuance of 4-year and 6-year non-critical financial bonds further enriches the varieties of agricultural bonds, meets the diversified allocation needs of investors, helps to promote the price discovery of non-critical bonds, and improves the quality of compiling market yield curves.