Hanoi (VNA) – The Hanoi Stock Exchange successfully organised 17 G-bond auctions in May, raising more than 18 trillion VND (690.31 million USD) for the State Treasury.
The May fundraising brought the five-month total to 170.92 trillion VND, or 34.2% of the full-year target.
The auctions offered 5-year, 10-year, 15-year, 20-year, and 30-year tenors, with the 10-year bonds having the highest share of the total issuance at 83.8%, or over 15.1 trillion VND.
The final session of the month recorded winning bid rates of 2.41% for 5-year bonds, 3.08% for 10-year notes, 3.2% for 15-year securities, and 3.3% for 30-year bonds, representing increases of 10, 3, 10, and 2 basis points respectively compared to the final April auction.
On the secondary market, the listed value of G-bonds reached some 2.37quadrillion VND as of May 30. The average trading value per session stood at over 13.9 trillion VND, up 11.22% against the previous month. Of this, outright transactions accounted for 69.63% of the total trading value while repurchase agreements (repos) made up the remainder.
Foreign investors contributed 3.26% of the total market trading value, recording a net purchase of 284 billion VND in May.
Trading concentration favoured medium- and long-term maturities, with 10-year bonds leading market activity at 30.9% of total transaction value, followed by 5-year notes at 14.36% and 10-15 year securities at 14.02%.
Commercial banks maintained their dominant market position, controlling 49.81% of outright transaction volume and 84.52% of the repo market./.
About 1.69 billion USD raised from government bond auctions in April
The figure brought the State Treasury’s year-to-date sum raised from government bonds to nearly 152.87 trillion VND, making up 30.6% of the year's target.
