The Agricultural Development Bank of China (ADBC) issued three batches of financial bonds on Wednesday amid brisk demand from investors. The three batches of bonds bear a respective maturity of 3 years, 7 years and 10 years, with the yields standing at 2.9652 percent, 3.4128 percent and 3.4708 percent respectively.
Insiders disclosed that the subscription ratios of the three batches of bonds reached 3.27, 3.92 and 3.74 times the volumes offered.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 3-year, 7-year and 10-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 3.0303 percent, 3.4655 percent and 3.5163 percent respectively.
Analysts attributed the popular subscription to institutions' enthusiasm to allocate bonds at the year end. These were the additional issue of the 5th, 12th and 18th batches of bonds offered by the policy bank in 2015.
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