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 1 year and 3 years, with auction yields reaching 2.6705 percent and 3.6038 percent respectively.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 1-year and 3-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 2.737 percent and 3.612 percent respectively.
Market players disclosed that the subscription ratios reached 3.09 and 3.93 times the volume offered respectively. "Though the two batches of bonds are popular among investors, investors should still take a cautious attitude towards the allocation of interest rate-linked bonds," tipped insiders.
Analysts predicted that interest rate-linked bonds might extend correction during the second half of the month. These were the additional issue of the 11th and 12th 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