China Policy Bank Considers Quickening Debt Sales Next Quarter
- Agricultural Development Bank of China will boost bond sales
- Higher supply may challenge bull run in China’s bond market
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One of the biggest issuers in China’s bond market is considering accelerating debt issuance in the second quarter, a move that may exacerbate supply concern triggered by earlier plans for special government bond sales.
The Agricultural Development Bank of China is researching into plans sell more bonds in the coming three months to “appropriately” increase the proportion of long-term debt in its issuance, it said in a WeChat message in response to a Bloomberg query.