Treasuries accounted for 53 percent of the orders for the World Bank’s first batch of Special Drawing Right-denominated bonds in China’s interbank market, the lender said on Thursday.
Central banks and official institutions accounted for 29 percent of the orders, which numbered around 50, followed by securities companies and asset managers with 12 percent, and insurance companies with 6 percent, the World Bank said in an e-mailed statement dated August 31.
The bonds were sold at 0.49 percent.
IFR , a publication of Thomson Reuters, had earlier reported the price of the bonds on Wednesday citing sources. At 0.49 percent, it was at the lower end of the World Bank’s guidance of 0.4-0.7 percent and below the three-year Chinese government bond yield at 2.434/2.387 per cent.
China’s central bank announced on Wednesday that the bonds were 2.47 times oversubscribed.