China's Ministry of Finance (MOF) issued on Wednesday 20 billion yuan worth of 3-year T-bonds at annualized yield of 2.55 percent amid steady demand.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yield on the 3-year fixed interest rate T-bonds traded on the domestic interbank market stood at 2.6228 percent. Market players disclosed that the subscription ratio reached 2.82 times the volume offered.
This is the third batch of book-entry coupon bearing T-bonds offered by the ministry in 2016, with the value date and circulation date on January 28and February 1 respectively.
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