The US Treasury's 2-year auction hit a high yield of 4.315% on Monday, up from the 4.189% high in the previous auction.
The bid to cover ratio for the auction was 2.66, above the 2.64 ratio in the previous auction.
Dealers represented 54.15% of the bids, with direct bidders at 17.16% and indirect bidders at 28.68%.
For takedown, dealers took 9.36%, with direct bidders at 34.05% and indirect bidders at 56.59%.
Shanghai Pudong Development Bank (SHA:600000) raised 30 billion yuan via the issue of three-year fixed-rate bonds, priced at a coupon of 1.56%.Proceeds will be channeled exclusively into lending to small and micro enterprises, according to a weekend filing with the Shanghai bourse.
Nostrum Oil & Gas (NOG.L) is offering to repurchase up to $30 million of its outstanding 5% senior secured notes due 2026.The oil and gas company opened the offer on July 24, according to a same-day filing. The notes are part of an original issuance worth $250 million, with $244.4 million outstanding as of offer launch.The redemption offer will run until Aug. 21, and settlement is scheduled in three days once the transaction takes effect.
Inspur Electronic Information Industry (SHE:000977) issued 1 billion yuan of five-year bonds, according to a Saturday filing with the Shenzhen bourse.The bonds hold a coupon rate of 1.85% and will mature July 24, 2031.Shanghai Pudong Development Bank (SHA:600000) is the bookkeeping manager and lead underwriter for this issuance, while Industrial Bank (SHA:601166) is the joint lead underwriter.Inspur's shares slipped 2% during the midday break on Monday.