农发行发行7年期债券，规模20亿元，发行利率1.6993%，预期1.7000%，投标倍数5.97倍，边际倍数4.22倍。

Core Insights - The Agricultural Development Bank issued a 7-year bond with a total scale of 2 billion yuan, with an issuance interest rate of 1.6993%, slightly below the expected rate of 1.7000% [1] - The bidding multiple was 5.97 times, indicating strong demand for the bond, while the marginal multiple was 4.22 times, reflecting competitive bidding [1] Summary by Categories - Bond Issuance Details - Issued bond term: 7 years [1] - Total issuance scale: 2 billion yuan [1] - Issuance interest rate: 1.6993% [1] - Expected interest rate: 1.7000% [1] - Market Demand - Bidding multiple: 5.97 times [1] - Marginal multiple: 4.22 times [1]