China's Ministry of Finance (MOF) issued on Friday 26 billion yuan worth of 1-year T-bonds at annualized yield of 2.31 percent.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that the yield on the 1-year fixed interest rate T-bonds traded on the domestic interbank market stood at 2.3062 percent. Market players disclosed that the subscription ratio reached 1.61 times the volume offered.
This is the 20th batch of book-entry coupon bearing T-bonds offered by the ministry in 2015, with the value date and circulation date on September 21 and September 25 respectively.
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