Hanoi (VNA) – The State Treasury raised about 2 trillion VND (85.6 million USD) from Government bonds (G-bond) in an auction at the Hanoi Stock Exchange (HNX) this week.
According to the HNX, the auction offered a total of 3.5 trillion VND (150 million USD) worth of G-bonds with different maturities.
Four tenures were available, including five-year, 10-year and 15-year bonds valued at 1 trillion VND (42.8 million USD) each, and 30-year bonds worth 500 billion VND (21.4 million USD).
The auction of five-year bonds drew the interest of 16 investors and mobilised 450 billion VND (19.27 million USD) at the average yield rate of 4.2 percent per year, up 0.1 percent from that of the previous auction on October 17.
The auction of 10-year bonds attracted nine bidders and sold 850 billion VND (36.4 million USD) worth of bonds at the annual interest rate of 4.9 percent, 0.05 percent higher than that of the October 17 session.
Five investors made a bid at the auction of 15-year bonds which raised 700 billion VND (30 million USD) at the average interest rate of 5.2 percent, down 0.2 percent from that of the previous session.
There was no successful bid for 30-year bonds.
So far this year, the State Treasury of Vietnam has collected nearly 126.43 trillion VND (5.4 billion USD) from G-bond auction at the HNX, accounting for over 70.2 percent of the yearly target.
According to the Ministry of Finance, Vietnam expects to issue 180 trillion VND (7.7 billion USD) worth of G-bonds this year, with the focus being on long-term maturity and keeping the interest rate at low levels.
G-bonds valuing at 159.9 trillion VND (7.03 billion USD) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year. The bonds had an average annual interest rate of some 6.07 percent, down 0.2 percentage points against 2016. –VNA
