Over 125 million USD was collected from a G-bond auction on November 21. (Photo: dantri.com)Hanoi (VNA) – The State Treasury of Vietnamraised more than 2.93 trillion VND (125.5 million USD) from Government bonds(G-bonds) in an auction at the Hanoi Stock Exchange (HNX) on November 21.
According to the HNX, the auction offered a total of 5trillion VND (214.2 million USD) worth of G-bonds with different maturities.
Four tenures were available, including five-year andseven-year bonds valued at 500 billion VND (21.4 million USD) each, and 10-yearand 15-year bonds worth 2 trillion VND (85.7 million USD) each.
The auction of 10-year bonds mobilised over 1.83 trillionVND (78.4 million USD) at the average yield rate of 5.06 percent per year, up0.03 percent from that of the previous G-bond auction on November 14.
Meanwhile, the 15-year bond auction collected 1.1trillion VND (47.1 million USD) at the average interest rate of 5.3 percent peryear, the same as the last auction.
There was no successful bid for five- and seven-yearbonds.
So far this year, the State Treasury has raised nearly 133.7 trillionVND (5.72 billion USD) from G-bond auction at the HNX, accounting for 74.3percent of the yearly target.
Accordingto the Ministry of Finance, Vietnam expects to issue 180 trillion VND (7.7billion USD) worth of G-bonds this year, with the focus being on long-termmaturity and keeping the interest rate at low levels.
G-bondsvaluing at 159.9 trillion VND (7.03 billion USD) and having an average maturityof 13.52 years, up 4.81 years against 2016, were issued last year. The bondshad an average annual interest rate of some 6.07 percent, down 0.2 percentagepoints against 2016. –VNA
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