Nearly 500 mln USD worth of G-bonds mobilised in March hinh anh 1Over 11 trillion VND (482.9 million USD) worth of G-bonds was mobilised for the State budget in March (Photo: VNA)

Hanoi (VNA) – The Hanoi Stock Exchange held 11 auctions of Government bonds (G-bonds) in March, mobilising over 11 trillion VND (482.9 million USD) for the State budget – up 10 percent from the previous month.

Successful bidders of five-year bonds would enjoy an interest rate of between 2.93 – 2.97 percent per year, seven-year bonds 3.4 percent, and 15-year bonds 4.4 percent. The winning interest rate for 20-year bonds is 5.1 percent while those for 30-year bonds range from 5.39 to 5.42 percent per year.

Compared to February, the coupon rates of five- and 15-year bonds respectively declined 0.08 and 0.12 percent per annum.

[Market value of G-bonds equivalent to 20 percent of GDP]

In the G-bond secondary market, the total volume of G-bonds sold by the outright method exceeded 1 billion, worth more than 122 trillion VND (5.35 billion USD), up 65 percent in value from February.

Meanwhile, trading volume through repurchase agreements (repos) reached over 1.42 billion bonds worth over 148.8 trillion VND (6.53 billion USD), up 77.5 percent in value month on month.

Foreign investors also made outright purchases of more than 7.7 trillion VND (338 million USD) and outright sales of over 7.2 trillion VND (316 million USD). They made repo sales of over 346 billion VND (15.19 million USD) but did not make repo buys in March.-VNA