Over 193 million USD raised from G-bonds on July 25. (Photo: VNS)Hanoi (VNA) - The Hanoi Stock Exchange (HNX)raised 4.5 trillion VND (approximately 193.5 million USD) at the latest auctionof Government bonds (G-bonds) issued by the State Treasury on July 25.
The auction aimed to sell 7.5 trillion VND, or 322.5million USD, worth of G-bonds with 5-year, 7-year, 10-year, 15-year, 20-yearand 30-year maturity.
Some 300 billion VND (12.9 million USD) was mobilisedfrom 5-year bonds with annual interest rate of 3.9 percent, up 0.05 percentfrom the previous auction on July 18.
Eight bidders bought 10-year bonds at a total of 2.1trillion VND (90.3 million USD) with annual yield rate of 4.48 percent, up 0.02percent from the July 18 auction.
G-bonds with 15-year maturity also fetched 2.1 trillionVND, winning interest rate of 4.78 per year, up 0.02 percent from the lastauction.
There were no successful bids for 5-year, 20-year or30-year G-bonds.
From the outset of 2018, the State Treasury collected more than 90 trillion VND(3.87 billion USD) through G-bond auctions at the HNX.
The National Financial Supervisory Commission haspredicted that the G-bond market in 2018 will see modest changes from last yearthanks to economic growth of more than 6.7 percent and inflation below 4percent. It expects the value of G-bonds issued this year to reach 180 trillionVND (7.92 billion USD).
Last year, Vietnam sold some 159.9 trillion VND, or 7.03 billion USD, worth ofG-bonds with average maturity of 13.52 years and annual interest averaging 6.07percent, down 0.2 percentage points against 2016.
The interest rates of Government bonds have risen lately, after a long periodof decline throughout 2017 and the first four months of 2018.-VNA
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