The Export-Import Bank of China issued two batches of financial bonds on Friday, which drew steady demands from investors.
The two batches of bonds bear a respective maturity of 3 years and 10 years, with auction yields reaching 3.3438 percent and 3.8535 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 3.3920 percent and 3.8596 percent respectively.
Market players disclosed that the subscription ratios reached 2.97 and 3.24 times the volume offered respectively.
These are the additional issue of the 12th and 14th batches of financial bonds offered by the policy bank in 2015 and the fresh issue of the 7th batch. The raised funds will be used as credit loans of the bank.
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