China's Ministry of Finance (MOF) issued on Wednesday 28 billion yuan worth of 10-year T-bonds at annualized yield of 2.9764 percent. Statistics from China Government Securities Depository Trust & Clearing Co. showed that yield on the 10-year fixed interest rate T-bonds traded on the domestic interbank market stood at 3.0005 percent.
Market players disclosed that the subscription ratio for this batch of bonds reached 2.16 times the volume offered. This is the second additional issue of the 23rd batch of book-entry coupon bearing T-bonds offered by the ministry in 2015.
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