Core Viewpoint - The China Agricultural Development Bank has announced the issuance of multiple financial bonds, detailing their terms, amounts, and interest rates, indicating a strategic move to raise capital in the financial market [1][4][5][6][8]. Group 1: Bond Issuance Details - The 31st phase of the financial bond, named "China Agricultural Development Bank 2025 31st Financial Bond (Fourth Increase)," has a total issuance amount of 16 billion yuan, with a maturity of 392 days and a coupon rate of 1.39% [4][5]. - The 9th phase of the financial bond, named "China Agricultural Development Bank 2025 9th Financial Bond (19th Increase)," has a total issuance amount of 2.5 billion yuan, with a maturity of 3 years and a coupon rate set at 1-year LPR minus 1.39% [5][6]. - The 20th phase of the financial bond, named "China Agricultural Development Bank 2025 20th Financial Bond (17th Increase)," has a total issuance amount of 17 billion yuan, with a maturity of 10 years and a coupon rate of 1.78% [6][8]. Group 2: Financial Metrics - The issuance price for the 31st bond is 100.053 yuan, with a reference yield of 1.5314% [5]. - The issuance price for the 9th bond is 100.025 yuan, with a reference yield of 1.7769% [5]. - The issuance price for the 20th bond is 98.770 yuan, with a reference yield of 1.9958% [6][8].

Core Points - China Agricultural Development Bank announced the issuance of its financial bonds for 2025, detailing three specific bond issues [1] Group 1: Bond Issuance Details - The 31st bond issue, named "China Agricultural Development Bank 2025 31st Financial Bond (Fourth Reissue)", has a total issuance amount of 16 billion yuan, with a maturity of 392 days and a coupon rate of 1.39% [4][5] - The 9th bond issue, named "China Agricultural Development Bank 2025 9th Financial Bond (19th Reissue)", has a total issuance amount of 2.5 billion yuan, with a maturity of 3 years and a coupon rate set at 1-year LPR minus 1.39% [5] - The 20th bond issue, named "China Agricultural Development Bank 2025 20th Financial Bond (17th Reissue)", has a total issuance amount of 17 billion yuan, with a maturity of 10 years and a coupon rate of 1.78% [6][8]