China CITIC Bank (HKG:0998, SHA:601998) completed the issuance of 10 billion yuan of bonds for agriculture, rural areas and farmers, according to a Tuesday filing on the Shanghai bourse.
The three-year floating-rate bonds carry a coupon rate of 1.52% for the first interest rate adjustment period, alongside a fixed spread of 0.15%.
Proceeds will be used to extend agriculture-related loans.
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