China's Ministry of Finance (MOF) issued on Wednesday 30 billion yuan worth of 7-year T-bonds at annualized yield of 3.4838 percent, lower than market expectations.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yield on the 7-year fixed interest rate T-bonds traded on the domestic interbank market stood at 3.5394 percent.
Market players disclosed that the subscription ratio reached 2.05 times the volume offered.
This is the second additional issue of the 7th batch of book-entry coupon bearing T-bonds offered by the ministry in 2015.
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