Nearly 700 billion VND (29.9 million USD) from Government bonds was moblised in an auction at the Hanoi Stock Exchange on October 31 (Photo: VNA) Hanoi (VNA) – The State Treasury of Vietnam raised nearly 700 billion VND (29.9 million USD) from Government bonds (G-bond) in an auction at the Hanoi Stock Exchange (HNX) on October 31.
According to the HNX, the auction offered a total of 3 trillion VND (128.2 million USD) worth of G-bonds with different maturities.
Three tenures were available, including five-year, 10-year and 15-year bonds valued at 1 trillion VND (42.7 million USD) each.
The auction of five-year bonds drew the interest of 16 investors and mobilised 275 billion VND (11.75 million USD) at the average yield rate of 4.2 percent per year, unchanged from that of the previous auction on October 24.
The auction of 10-year bonds attracted eight bidders and sold 424 billion VND (18.11 million USD) worth of bonds at the annual interest rate of 4.95 percent, up 0.05 percent from that of the October 24 session.
There was no successful bid for 15-year bonds.
So far this year, the State Treasury of Vietnam has collected nearly 127.13 trillion VND (5.4 billion USD) from G-bond auction at the HNX.
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
VNA
