The Export-Import Bank of China issued three batches of financial bonds on Thursday, which drew steady demands from investors. The three batches of bonds bear a respective maturity of 3 years, 5 years and 10 years, with the auction yields reaching 3.3939 percent, 3.4679 percent and 3.7131 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 3.2273 percent, 3.5007 percent and 3.7207 percent respectively.
Market players disclosed that the subscription ratios reached 1.40, 2.76 and 2.77 times the volume offered respectively. Analysts noted that the spot bond market had entered a round of correction, which gave rise to the fluctuation of bond yields. These are the additional issue of the 14th, 15th and 16th batches of financial bonds offered by the policy bank in 2015 and the fresh issue of the 7th batch. The raised money will be used as credit loans of the bank.
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