92 million USD worth of G-bonds raised in May 2 auctions. (Photo: VNA)Hanoi (VNA) – The State Treasury of Vietnam raisedover 2.1 trillion VND (92.08 million USD) via Government bond (G-bond) auctionsin the Hanoi Stock Exchange (HNX) on May 2.
The auctions offered a total of 5 trillion VND (219.25million USD) worth of G-bonds with different maturities. Four tenures wereoffered at the HNX, including five-year and seven-year bonds valued at 1trillion VND (43.85 million USD) each alongside 10-year and 15-year bondsvalued at 1.95 trillion VND (85.5 million USD) each.
The auction of five-year bonds mobilized 64 billion VND(2.8 million USD) at the average interest rate of 2.97 percent per year. Therate was the same as that during the previous auction on April 24.
Some 1.045 trillion VND (45.8 million USD) worth of10-year bonds were sold at the average yield rate of 4.15 percent per year intwo auctions, 0.05 percent higher than those in April 18.
A combined 1 trillion VND (43.85 million USD) worth of15-year bonds were purchased at the average yield rate of 4.5 percent in twoauctions, an increase of 0.03 percent per year from the April 24 event.
No bond was sold at the seven-year bond auction.
The State Treasury of Vietnam has raised more than 48.57trillion VND (2.13 billion USD) worth of G-bonds since the beginning of 2018.
The National Financial Supervisory Commission haspredicted that the G-bond market in 2018 will see modest changes against lastyear, thanks to the economic growth of more than 6.7 percent and inflation ofbelow 4 percent.
The value of G-bonds issued in 2018 is estimated at some 180 trillion VND (7.92billion USD), with the focus being on long-term maturity and keeping theinterest rate at low levels.
G-bonds worth 159.9 trillion VND (7.03 billion USD) and having an averagematurity of 13.52 years, up 4.81 years against 2016, were issued last year. Thebonds had an average annual interest rate of some 6.07 percent, down 0.2percentage points against 2016, according to the Ministry of Finance.-VNA
VNA
