Illustrative image (Source: VNA) Hanoi (VNA) – TheState Treasury of Vietnam raised a total of 1.615 trillion VND (71.77million USD) during an auction of government bonds worth 6 trillion VND at theHanoi Stock Exchange (HNX) on May 23.
Accordingly, on offer were five-year and 20-year bonds worth1 trillion VND each and 10-year and 15-year bonds valued at 2 trillion VNDeach.
As many as 215 billion VND was mobilised from five-yearbonds with an annual interest of 3 percent, equivalent to the rate of theprevious auction on May 16.
Bonds with 10-year maturity raised 700 billion VND with an annualinterest of 4.26 percent, up 0.03 percent from the previous auction.
Those with 15-year term attracted 700 billion VND with anannual interest of 4.6 percent, marking a 0.02 percent increase.
Meanwhile, 20-year bonds recorded no transaction.
Sinceearly 2018, the State Treasury raised over 57.6 trillion VND via auctions atthe HNX.
The National Financial Supervisory Commissionhas predicted that the G-bond market in 2018 will see modest changes againstlast year, thanks to the economic growth of more than 6.7 percent and inflationof below 4 percent.
The value of G-bonds issued in 2018 is estimated atsome 180 trillion VND (7.92 billion USD), with the focus being on long-termmaturity and keeping the interest rate at low levels.
G-bonds worth 159.9 trillion VND (7.03 billion USD)and having an average maturity of 13.52 years, up 4.81 years against 2016, wereissued last year. The bonds had an average annual interest rate of some 6.07percent, down 0.2 percentage points against 2016, according to the Ministry ofFinance.-VNA
Accordingly, on offer were five-year and 20-year bonds worth1 trillion VND each and 10-year and 15-year bonds valued at 2 trillion VNDeach.
As many as 215 billion VND was mobilised from five-yearbonds with an annual interest of 3 percent, equivalent to the rate of theprevious auction on May 16.
Bonds with 10-year maturity raised 700 billion VND with an annualinterest of 4.26 percent, up 0.03 percent from the previous auction.
Those with 15-year term attracted 700 billion VND with anannual interest of 4.6 percent, marking a 0.02 percent increase.
Meanwhile, 20-year bonds recorded no transaction.
Sinceearly 2018, the State Treasury raised over 57.6 trillion VND via auctions atthe HNX.
The National Financial Supervisory Commissionhas predicted that the G-bond market in 2018 will see modest changes againstlast year, thanks to the economic growth of more than 6.7 percent and inflationof below 4 percent.
The value of G-bonds issued in 2018 is estimated atsome 180 trillion VND (7.92 billion USD), with the focus being on long-termmaturity and keeping the interest rate at low levels.
G-bonds worth 159.9 trillion VND (7.03 billion USD)and having an average maturity of 13.52 years, up 4.81 years against 2016, wereissued last year. The bonds had an average annual interest rate of some 6.07percent, down 0.2 percentage points against 2016, according to the Ministry ofFinance.-VNA
VNA
