China Bond Daily News 09:50 BJT
Oct 28, 2019 (China Knowledge) - Today 257 new bonds to be listed for trading, 42 new bonds put up for tender.
PBoC to carry out RMB 60 bln commercial banks’ fixed deposit. This sum almost hedge off the reverse repo matured today. There is no further issue of reverse repo.
The opening price of 1-day inter-bank pledge-style repo (DR001) was 2.55%, and the weighted average price of the previous day was 2.5012%. The opening price of the 7-day inter-bank pledge-style repo (DR007) registered at 2.65%.
The opening prices of treasury bond futures declined slightly altogether, and the 10-year contract down by 0.13%, and 5-year contract decreases 0.10%.
The issuance size of the Shanghai Pudong Development (SPD) Bank convertible bond is RMB 50 bln, the largest size so far.
The total amount of negotiable certificate of deposit issued last week was RMB 375.77 bln, with a MoM decrease of 15.67%. Repayment of RMB 283.985 bln come due, a MoM increase of 8.39%; with net financing at RMB 91.785 bln.
China Hualu Group plans to issue a convertible bond of less than RMB 1.3 bln to invest in five projects.
Hainan Province’s finance department to issue RMB 3.16 bln bond, with a term of 30 years and an interest rate of 4.08%.
Ministry of Finance reported that, from Jan to Sep, the total operating revenue of the state-owned enterprises had reached RMB 44.89 trln, up 7.1% YoY, and the central government-owned enterprises generated RMB 26.01 trln, up 5.5% YoY. The profit of state-owned enterprises during this period registered RMB 2.72 trln, an increase of 6.6% YoY.
PBoC and European Central Bank renewed a bilateral currency swap agreement at a scale of RMB 350 bln (EUR 45 bln). The agreement is valid for three years and can be extended by either side.
This week, PBoC has a reverse repo of RMB 590 bln come due, but no repo and central bank bills will mature.
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