The Import-Export Bank of China or China Exim Bank auctioned its 3-year, 7-year and 10-year fixed-rate bonds at basically optimistic yields Thursday. The three products were priced to yield 3.4424 percent, 4.0043 percent and 4.0550 percent respectively and their bid-to-cover ratio stood at 3.80, 2.50 and 2.59.
Statistics with ChinaBond.com.cn show yields for comparable products stay at 3.4888 percent, 4.0243 percent and 4.0546 percent at present. As analysts see, the 10-year bond product's yield is higher than its secondary market counterpart, hinting lingering concerns over the future interest rate-linked bond supply boom. According to China Exim Bank, proceeds from the bond issues will be used in credit loans.
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