Illustrative image (Photo: VNA) Hanoi (VNA) – The State Treasury has mobilised nearly 174.2 trillion VND (around 7.5 billion USD at current exchange rate)through Government bond auctions on the Hanoi Stock Exchange (HNX), fulfilling 70 percent of theyearly plan.
The latest auction this week brought in 4trillion VND (172.38 million USD), with all issued bonds sold.
The interest rates insuccessful bids rose slightly for 10- and 15-year bonds, but down for20-year bonds compared to the previous auctions on October 24.
A report of Military Bank Securities said abundant liquidityof the system and strong drops in inter-bank interests have pushed G-bondinterest rate down to a 10-year low.
Meanwhile,demand for G-bonds on the primary market is high, reflected in the 100 percentof successful bidding in October, and the participation of 9 to 15 bidders ineach auction./.
The latest auction this week brought in 4trillion VND (172.38 million USD), with all issued bonds sold.
The interest rates insuccessful bids rose slightly for 10- and 15-year bonds, but down for20-year bonds compared to the previous auctions on October 24.
A report of Military Bank Securities said abundant liquidityof the system and strong drops in inter-bank interests have pushed G-bondinterest rate down to a 10-year low.
Meanwhile,demand for G-bonds on the primary market is high, reflected in the 100 percentof successful bidding in October, and the participation of 9 to 15 bidders ineach auction./.
VNA
