Illustrative image (Source: VNA)
 
Hanoi (VNA) – The State Treasury of Vietnam has recently raised 2.81 trillion VND (123.7 million USD) via an auction of Government bonds (G-bonds) held by the Hanoi Stock Exchange (HNX).

The auction had planned to sell 6 trillion VND (264.3 million USD) worth of G-bonds with a 5-year, 7-year, 10-year, 15-year, 20-year, and 30-year maturity.

As much as 200 billion VND (8.8 million USD) was mobilised from five-year bonds with an annual interest rate of 3.45 percent, 0.35 percent higher than that of the previous auction on June 20.

Ten-year bonds were sold for 1 trillion VND (44 million USD) with an annual yield rate of 4.4 percent, up 0.03 percent from that of the previous auction on June 27.

As for 15-year bonds, 110 billion VND (4.88 million USD) was raised at an interest rate of 4.7 percent per annum, equivalent to that of an auction on June 27.

Meanwhile, 20-year bonds raised 300 billion VND (13.2 million USD) at a yearly rate of 5.22 percent, marking a 0.02 percent increase from that of an auction on June 27.

Last year, Vietnam sold some 159.9 trillion VND, or 7.03 billion USD, worth of G-bonds with an average maturity of 13.52 years and annual interest averaging 6.07 percent, down 0.2 percentage points against 2016.

The interest rates of Government bonds have been on the rise lately, after a long period of decline throughout 2017 and the first four months of 2018.-VNA