China's Ministry of Finance (MOF) issued on Friday 26 billion yuan worth of 50-year T-bonds at annualized yield of 3.89 percent.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that the yield on the 50-year fixed interest rate T-bonds traded on the domestic interbank market stood at 3.9707 percent. Market players disclosed that the subscription ratio reached 1.89 times the volume offered.
This is the 28th batch of book-entry coupon bearing T-bonds offered by the ministry in 2015, with the value date and circulation date on November 23 and November 27 respectively.
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