The Export-Import Bank of China issued three batches of financial bonds on Thursday, which drew brisk demands from investors. The three batches of bonds bear a respective maturity of 3 years, 5 years and 10 years, with auction yields reaching 3.0266 percent, 3.2348 percent and 3.5339 percent respectively.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 3-year, 5-year and 10-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 3.0731 percent, 3.2667 percent and 3.5304 respectively. Market players disclosed that the subscription ratios reached 3.73, 3.69 and 3.31 times the volume offered respectively.
Analysts noted that as the current bond market extended a bullish running, it was well within expectations to see the favorable auction results. These are the additional issue of the 12th to 14th batches of financial bonds offered by the policy bank in 2015. The raised funds will be used as credit loans of the bank.
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