The Export-Import Bank of China issued three batches of financial bonds on Thursday, which drew brisk demands from investors.
The three batches of bonds bear a respective maturity of 1 year, 5 years and 10 years, with auction yields reaching 2.3259 percent, 3.9225 percent and 4.2142 percent respectively.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 1-year, 5-year and 10-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 2.7763 percent, 3.8706 percent and 4.1853 percent respectively.
Market players disclosed that the subscription ratios reached 3.59, 2.60 and 2.19 times the volume offered respectively. Analysts noted that thanks to the loose liquidity condition, the auction yields on short-term bonds pulled back notably.
These are the additional issue of the 7th, 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.
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