China's Ministry of Finance (MOF) issued on Wednesday 20 billion yuan worth of 10-year T-bonds at annualized yield of 2.8607 percent.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that the yield on 10-year fixed interest rate T-bonds traded on the domestic interbank market stood at 2.8911 percent. Market players disclosed that the subscription ratio for this batch of bonds reached 3.68 times the volume offered.
This is the additional issue of the 33rd batch of book-entry coupon bearing T-bonds offered by the ministry in 2015.
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