The Export-Import Bank of China (China Exim Bank) issued its 3-year and 10-year fixed-rate bonds amid relatively stable demands Friday.
The products were priced to yield 3.3438 percent and 3.8535 percent after being 2.97 times and 3.24 times subscribed at auction, 4.82 basis points (bp) and 0.61 bp lower than yields for comparable products in secondary trading on Thursday.
Analysts thought the two products' pro-encouraging auction result was thanks to the presently favorable economic and liquidity fundamentals.
According to China Exim Bank, proceeds from the 3-year and 10-year bonds would be used to support its credit lending business.
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