State Treasury of Vietnam raises over 56 trillion VND (2.46 billion USD) through Government bond auctions so far this year (Source: Internet) Hanoi (VNA) – The State Treasury of Vietnam has mobilised over 56trillion VND (2.46 billion USD) through Government bond auctions in the HanoiStock Exchange since the beginning of this year.
In the latest auction held on May 16, 6 trillion VND (263.7million VND) worth of G-bonds were offered, including five-year and seven-yearbonds valued at 1 trillion VND (44 million USD) each, and 10-year and 15-yearbonds at 2 trillion VND (88 million USD) each.
At this auction, a total of 3.98 trillion VND (147.9 millionUSD) was raised. Of the four terms, the State Treasury of Vietnam raised 500billion VND (21.9 million USD) worth of five-year bonds with the average yieldrate of 3 percent per year, 0.03 percent higher than that on May 2.
A total of 1.9 trillion VND (83.5 million USD) worth of10-year bonds was sold at two separate auctions, with an interest rate of 4.23percent per year.
Meanwhile, 1.58 trillion VND (69.4 million USD) wasmobilised at two 15-year bond auctions wit an interest rate of 4.58 percent ayear.
No bond was sold at the seven-year bond auction.
The National Financial Supervisory Commission has predictedthat the G-bond market in 2018 will see modest changes against last year,thanks to the economic growth of more than 6.7 percent and inflation of below 4percent.
The value of G-bonds issued in 2018 is estimated at some 180trillion VND (7.92 billion USD), with the focus being on long-term maturity andkeeping the interest rate at low levels.
G-bonds worth 159.9 trillion VND (7.03 billion USD) andhaving 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
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