The Export-Import Bank of China issued 5 billion yuan worth of 20-year financial bonds at an annualized yield of 3.88 percent on Tuesday, drawing brisk demands from investors.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 20-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 3.9236 percent.
The yield result was produced amid 3.01 times of subscription. Analysts noted that bond yields were expected to post further decline in the near future due to ample liquidity.
These are the 19th batch of financial bonds offered by the policy bank in 2015, with the value date and circulation date on January 12, 2016 and January 14, 2016 respectively. The raised money will be used as credit loans of the bank.
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