Reported about 1 year ago
Since the fifth issuance of the longest-term special national bonds in history in May, public interest in investing in national bonds has surged in China. However, the continued issuance of the 30-year special national bonds on June 11 saw a decrease in buying interest as the price was higher than the initial issuance. China plans to issue a total of 1 trillion yuan in long-term special national bonds this year, in 20-year, 30-year, and 50-year terms, with 22 separate issuances expected before the end of the year, creating a buying frenzy since its introduction. The first issuance and second issuance of the special national bonds in May were quickly sold out within minutes, but the market was relatively calm during the continued issuance on June 11. The continued issuance price of the 30-year special national bonds was higher than the initial issuance, leading to a decrease in public interest, with the bonds starting trading on June 19.
Source: YAHOO