The Export-Import Bank of China sold 2-tranche financial bonds on Thursday, with the yields for the 3-year product and the 10-year product at 3.3370 percent and 3.8700 percent, respectively.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 3-year and 10-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 3.3848 percent and 3.8743 percent respectively.
The two batches of bonds drew brisk demand from institutional investors and they were oversubscribed by 2.49 times and 3.01 times respectively. Though bond market witnessed some correction in September, there is still room for bond prices to climb up in the future, said Xu Hanfei, a bond researcher of Guotai Junan Securities.
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