The Export-Import Bank of China issued two batches of financial bonds on Thursday, which drew brisk demands from investors.
The two batches of bonds bear a respective maturity of 5 years and 10 years, with auction yields reaching 3.8192 percent and 4.1364 percent respectively.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 5-year and 10-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 3.8594 percent and 4.1608 percent respectively.
Market players disclosed that the subscription ratios reached 3.39 and 3 times the volume offered respectively.
Despite the favorable auction result, insiders tipped that short-term spot bond market was likely to face increasing pressure in the future with the intensive offering of local government bonds and the capital-diversion by the stock market.
These are the additional issue of the 8th and 13th batches of financial bonds offered by the policy bank in 2015. The raised funds will be used as credit loans of the bank.
Latest comments