China's Ministry of Finance (MOF) issued on Friday 26 billion yuan worth of 1-year T-bonds at annualized yield of 2.4123 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 2.4342 percent.
This batch of bonds drew stable demand from investors, with the bid-to-cover ratio reaching 2.45 times, disclosed a trader. This is the 27th batch of book-entry coupon-bearing T-bonds offered by the ministry in 2015, with the value date and trading date on November 9 and November 13, respectively.
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