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Citi appointed as paying agent for the first RMB bond issue by a supranational borrower

Citibank Agency and Trust business has been appointed as the paying agent for Asian Development Bank’s CNY 1.2bn bond issue, according to a statement issued by the bank. The ADB bonds are the first “AAA” rated bonds by international rating agencies andare also the first publicly listed bond on the Hong Kong Stock Exchange to be traded and settled in…

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