Investors flock to ABC’s inaugural $500m bond

Agricultural Bank of China has sold its maiden dollar bond, achieving much tighter pricing than expected in spite of a slightly alleviated rates environment.

Agricultural Bank of China (ABC) Hong Kong branch priced its first ever $500 million five-year note on Tuesday, receiving a sizable order book that enabled the issuer to tighten pricing despite a higher rates environment.

¬ Haymarket Media Limited. All rights reserved.

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