China Agri-Products Exchange Limited has announced the issuance of the first tranche of series number 4 notes, known as the July 2037 Notes, under its HK$1,000,000,000 Medium Term Note Programme. The principal amount of the issuance is HK$43,500,000. The notes offer an effective interest rate ranging from approximately 2.8% to 5.4% per annum, inclusive of the placement fee but exclusive of professional and agency fees. These rates depend on the time of actual redemption of the notes. The July 2037 Notes have a maturity date of 18 July 2037, with provisions for early redemption. The notes are not listed on any stock exchange.