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 3.2200 percent, 3.4800 percent and 3.7142 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 3.2767 percent, 3.4886 percent and 3.7218 percent respectively.
Market players disclosed that the subscription ratios reached 4.29, 2.33 and 3.08 times the volume offered respectively.
These are the additional issue of the 14th batches of financial bonds offered by the policy bank in 2015 and the fresh issue of the 15th and 16th batches. The raised funds will be used as credit loans of the bank.
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