China's Ministry of Finance (MOF) issued on Friday 15 billion yuan worth of 182-day discount T-bills at annualized yield of 2.3125 percent. Statistics from China Government Securities Depository Trust & Clearing Co. showed that yield on the 182-day fixed-rate T-bills traded on the domestic interbank market stood at 2.2695 percent.
Market players disclosed that the subscription ratio reached 3.04 times the volume offered. This is the 8th batch of book-entry discount T-bonds offered by the ministry in 2015, with the circulation date on August 28.
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