(May 9 )(Bloomberg) -- The Agricultural Development Bank of China, which lends on behalf of the government to fund farming projects, will sell three-year notes today at a yield of 4.63 percent, according to a Bloomberg News survey.

The highest estimate for the yield was 4.65 percent and the lowest was 4.6 percent, the survey of seven finance firms showed. The bank plans to sell 10 billion yuan ($1.43 billion) of debt.

The bank's similar-maturity notes yielded 4.65 percent in secondary market trading yesterday, according to the China Interbank Bond Market. It last sold three-year bonds in March.

(Editor: Jia Fu)