Hanoi (VNA) - The Hanoi Stock Exchange (HNX) has announced that it held 20 government bond auctions on the primary market in April, successfully raising over 42.42 trillion VND (about 1.69 billion USD).
The figure brought the State Treasury’s year-to-date sum raised from government bonds to nearly 152.87 trillion VND, making up 30.6% of the year's target.
The April auctions focused on bonds with 5-, 10-, 15-, and 30-year maturities. Ten-year bonds dominated, making up 72.2% of the issuance (30.6 trillion VND), followed by five-year bonds at 23.6% (10 trillion VND).
Yields edged up at the month’s final auction, with five-year bonds at 2.31%, 10-year at 3.05%, 15-year at 3.10%, and 30-year at 3.28%, reflecting rises of 5 to 16 basis points from March.
On the secondary market, the total listed value of government bonds hit 2.350 quadrillion VND as of April 29. The average daily trading value in April was 12.513 trillion VND, down 24.29% from the previous month. Outright transactions (conventional buy/sell) accounted for 67.68% of the total market value, while repos (repurchase agreements) made up the remaining 32.32%.
Foreign investors, though more active than in March, contributed just 4.3% of transaction value and were net sellers, offloading 522 billion VND.
Yields varying across 15- to 20-year and 3- to 5-year maturities saw the sharpest hikes, averaging 3.00% and 2.57%, respectively, while 25-to 30-year and 10- to 15-year yields dipped to 3.19% and 3.08%.
Medium-and long-term bonds dominated April’s trading volume, with the 10-year, 5-year, and 10–15 year maturities leading the market at 32.09%, 12.43%, and 11.98% of the total trading value, respectively.
Commercial banks remained the dominant players, handling 50.23% of outright trades and 81.29% of repos./
