The Export-Import Bank of China (China Exim Bank) auctioned 4-tranche bonds, namely 1-, 3-, 7- and 10-year financial bonds on Thursday, with the yields standing at 2.630 percent, 3.547 percent, 4.143 and 4.168 percent respectively.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yields on the 1-year, 3-year, 7-year and 10-year fixed interest rate policy bank bonds traded on the domestic interbank market stood at 2.666 percent, 3.569 percent, 4.128 percent and 4.132 percent respectively.
These four batches of bonds drew stable demand from investors, with the subscription ratios at 2.31, 2.83, 2.73 and 2.83 times the volumes offered. Analysts widely attributed the rosy auction result to the currently relaxed liquidity condition in the financial system. The raised funds will be used as credit loans of the bank.
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