China Development Bank (CDB) issued 2-tranche financial bonds on Tuesday, with the yields for 3-year products and 10-year products at 3.26 percent and 3.87 percent, respectively.
According to statistics released by China Government Securities Depository Trust & Clearing Co., the latest inter-bank yields on 3-year and 10-year fixed-rate policy bank (CDB) bonds stood at 3.33 percent and 3.92 percent, respectively.
The subscription ratios of the two batches of bonds reached 5.70 and 4.78 times the volumes offered, disclosed a trader. Analysts attributed the upbeat auction result to the relatively loose liquidity condition after the central bank offered the largest amount of reverse repos in almost 19 months via Tuesday's open market operations.
Latest comments