China's agricultural bank issues billions in overseas bonds

BEIJING, Aug. 6 (Xinhua) -- The Agricultural Development Bank of China (ADBC), the third-largest bonds issuer in China, has launched 4.3 billion yuan (about 619 million U.S. dollars) in overseas bonds.

Of the total, 2.5 billion yuan will mature in three years and 1.8 billion yuan will mature in five years, with a fixed interest rate of 2.6 percent and 2.85 percent respectively, according to the bank.