Illustrative image (Source: VNA)

Hanoi (VNA) - The Hanoi Stock Exchange (HNX) raised 2.3 trillion VND (over 98.7 million USD) at the latest auction of Government bonds (G-bonds) issued by the State Treasury on August 1.

The auction aimed to sell 7 trillion VND (300.4 million USD) worth of G-bonds with 5-year, 7-year, 10-year, 15-year, 20-year and 30-year maturity.

Five bidders bought 7-year bonds at 100 billion VND (4.29 million USD) with average yield rate of 3.9 percent/year, the same interest rate with the previous auction (July 25).

Bonds with 10-year term fetched 2.2 trillion VND (over 94.3 million USD) with annual interest rate of 4.5 percent, up by 0.02 percent against the previous auction.

There were no successful bids for 5-year, 15-year, 20-year and 30-year bonds.

From the beginning of 2018, the State Treasury mobilised over 92.3 trillion VND (over 3.96 billion USD) through G-bond auctions at the HNX.

The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes from last year thanks to economic growth of more than 6.7 percent and inflation below 4 percent. It expects the value of G-bonds issued this year to reach 180 trillion VND (7.92 billion USD).

 Last year, Vietnam sold some 159.9 trillion VND, or 7.03 billion USD, worth of G-bonds with average maturity of 13.52 years and annual interest averaging 6.07 percent, down 0.2 percentage points against 2016.

 The interest rates of Government bonds have risen lately, after a long period of decline throughout 2017 and the first four months of 2018.-VNA