Illustrative image (Source: VNA)Hanoi (VNA) - The Hanoi StockExchange (HNX) raised 2.3 trillion VND (over 98.7 million USD) at the latestauction of Government bonds (G-bonds) issued by the State Treasury on August 1.
The auction aimed to sell 7 trillion VND (300.4million USD) worth of G-bonds with 5-year, 7-year, 10-year, 15-year, 20-yearand 30-year maturity.
Five bidders bought 7-year bonds at 100 billion VND(4.29 million USD) with average yield rate of 3.9 percent/year, the sameinterest rate with the previous auction (July 25).
Bonds with 10-year term fetched 2.2 trillion VND (over 94.3 million USD) withannual interest rate of 4.5 percent, up by 0.02 percent against the previousauction.
There were no successful bids for 5-year, 15-year,20-year and 30-year bonds.
From the beginning of 2018, the State Treasury mobilisedover 92.3 trillion VND (over 3.96 billion USD) through G-bond auctions at theHNX.
The NationalFinancial Supervisory Commission has predicted that the G-bond market in 2018will see modest changes from last year thanks to economic growth of more than6.7 percent and inflation below 4 percent. It expects the value of G-bondsissued this year to reach 180 trillion VND (7.92 billion USD).
Last year, Vietnam sold some 159.9 trillionVND, or 7.03 billion USD, worth of G-bonds with average maturity of 13.52 yearsand annual interest averaging 6.07 percent, down 0.2 percentage points against2016.
The interest rates of Government bonds have risenlately, after a long period of decline throughout 2017 and the first fourmonths of 2018.-VNA
VNA
