Vietnam raises 1.95 billion USD from G-bond so far this year

The State Treasury of Vietnam mobilised over 44.4 trillion VND (1.95 billion USD) via Government bond (G-bond) auctions in the Hanoi Stock Exchange (HNX) since the beginning of 2018.

Thursday, April 19, 2018 15:31

Vietnam raises 1.95 billion USD from G-bond so far this year ảnh 1

Vietnam raises 1.95 billion USD from G-bond so far this year. (Photo: hanoimoi.com.vn)

Hanoi(VNA) – The State Treasury of Vietnam mobilised over 44.4 trillion VND (1.95billion USD) via Government bond (G-bond) auctions in the Hanoi Stock Exchange(HNX) since the beginning of 2018.

According tothe HNX, the latest auction was held by the State Treasury on April 18,offering a total of 3.5 trillion VND (154 million USD) worth of G-bonds withdifferent maturities.

Three tenureswere offered at the HNX, including seven-year and 20-year bonds valued at 1trillion VND each (44 million USD), and 10-year bonds valued at 1.5 trillionVND (66 million USD).

A total 1.35trillion VND (59.4 million USD) were raised after the auctions which fell belowthe issuer’s expectation.

Of the three types, theauction of seven-year bonds drew the attention of 15 investors. 200 billion VNDworth of bonds were sold at the average yield rate of 3.43 percent per year.The rate was the same as that during the previous auction on April 4.

Two auctions of10-year bonds attracted 16 investors. A combined 1.05 trillion VND worth ofbonds were sold at the average yield rate of 4.1 percent per year, 0.05 percenthigher than that on April 11.

Some 6investors attended the auction of 20-year bonds which raised 100 billion VND atthe average interest rate of 5.12 percent per year, an increase of 0.02 percentfrom that of the March 28 auction.

The National FinancialSupervisory Commission has predicted that the G-bond market in 2018 will seemodest changes against last year, thanks to the economic growth of more than6.7 percent and inflation of below 4 percent.

The value of G-bondsissued in 2018 is estimated at some 180 trillion VND (7.92 billion USD), withthe focus being on long-term maturity and keeping the interest rate at lowlevels.

G-bondsworth 159.9 trillion VND (7.03 billion USD) and having an average maturity of13.52 years, up 4.81 years against 2016, were issued last year. The bonds hadan average annual interest rate of some 6.07 percent, down 0.2 percentagepoints against 2016, according to the Ministry of Finance.-VNA

VNA

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