农发行发行392天期债券，规模150亿元，发行利率1.3695%，预期1.3900%，投标倍数2.42倍，边际倍数2.81倍。

Core Viewpoint - The Agricultural Development Bank issued a 392-day bond with a scale of 15 billion yuan, with an issuance interest rate of 1.3695%, slightly below the expected rate of 1.3900% [1] Group 1 - The bond issuance was oversubscribed with a bid-to-cover ratio of 2.42 times, indicating strong demand from investors [1] - The marginal bid-to-cover ratio was recorded at 2.81 times, reflecting robust interest in the bond offering [1]