The Agricultural Development Bank of China (ADBC) issued three batches of financial bonds on Thursday amid steady demands. The three batches of bonds bear a respective maturity of 1 year, 2 years and 3 years, with yields standing at 2.7501 percent, 3.5595 percent and 3.6292 percent respectively.
Insiders disclosed that the subscription ratios of the three batches of bonds reached 2.35, 2.55 and 3.24 times the volumes offered.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 1-year, 2-year and 3-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 2.8062 percent, 3.5206 percent and 3.6803 percent respectively.
Analysts noted that the resumption of the central bank's reverse repo offering eased market concerns about potential tight liquidity condition at the end of the quarter. The central bank conducted 35 billion yuan worth of reverse repos at an annualized yield of 2.70 percent in Thursda's open market operations. These were the additional issue of the 8th, 13th and 14th batches of bonds offered by the policy bank in 2015.
Latest comments