The Vietnam Bank for Social Policies (VBSP) raised 150 billion VND (6.5 million USD) at the latest auction of Government-guaranteed bonds on the Hanoi Stock Exchange (HNX) held on July 23 (Illustrative photo: VNA)Hanoi (VNA) – The Vietnam Bank for Social Policies (VBSP) raised 150billion VND (6.5 million USD) at the latest auction of Government-guaranteedbonds on the Hanoi Stock Exchange (HNX) held on July 23.
Theamount was mobilised from five-year bonds with an annual interest rate of 4.1percent, which was 0.05 percent higher than that of the most-recent auction onJuly 16.
The auction hadplanned to sell 2 trillion VND (86.63 million USD) worth of bonds with five-year,10-year, and 15-year maturity. However, there were no successful bids for the 10-yearand 15-year bonds.
Sincethe start of 2018, the VBSP mobilised 350 billion VND (15.17 million USD) worthof guaranteed bonds through auctions on the HNX.
Government-guaranteedbonds are bonds issued by authorised entities to mobilise capital forinvestment projects as appointed by the Prime Minister.
According to the HNX, the State Treasury of Vietnam raised about 4.4trillion VND (more than 190.7 million USD) in the last Government bond (G-bond)auction of June. The amount brought the total funds collected from G-bondauctions in the first half of 2018 to nearly 74.6 trillion VND (3.23 billionUSD).
The National Financial Supervisory Commission has predicted that theG-bond market in 2018 will see modest changes from last year thanks to theeconomic growth of more than 6.7 percent and inflation of below 4 percent. Itexpects the value of G-bonds issued this year to reach 180 trillion VND (7.92billion USD).
Last year, Vietnam sold some 159.9 trillion VND, or 7.03 billion USD,worth of G-bonds with average maturity of 13.52 years and annual interestaveraging 6.07 percent, down 0.2 percentage points against 2016.
The interest rates of G-bonds have been on the rise lately, after a longperiod of decline throughout 2017 and the first four months of 2018.-VNA
Theamount was mobilised from five-year bonds with an annual interest rate of 4.1percent, which was 0.05 percent higher than that of the most-recent auction onJuly 16.
The auction hadplanned to sell 2 trillion VND (86.63 million USD) worth of bonds with five-year,10-year, and 15-year maturity. However, there were no successful bids for the 10-yearand 15-year bonds.
Sincethe start of 2018, the VBSP mobilised 350 billion VND (15.17 million USD) worthof guaranteed bonds through auctions on the HNX.
Government-guaranteedbonds are bonds issued by authorised entities to mobilise capital forinvestment projects as appointed by the Prime Minister.
According to the HNX, the State Treasury of Vietnam raised about 4.4trillion VND (more than 190.7 million USD) in the last Government bond (G-bond)auction of June. The amount brought the total funds collected from G-bondauctions in the first half of 2018 to nearly 74.6 trillion VND (3.23 billionUSD).
The National Financial Supervisory Commission has predicted that theG-bond market in 2018 will see modest changes from last year thanks to theeconomic growth of more than 6.7 percent and inflation of below 4 percent. Itexpects the value of G-bonds issued this year to reach 180 trillion VND (7.92billion USD).
Last year, Vietnam sold some 159.9 trillion VND, or 7.03 billion USD,worth of G-bonds with average maturity of 13.52 years and annual interestaveraging 6.07 percent, down 0.2 percentage points against 2016.
The interest rates of G-bonds have been on the rise lately, after a longperiod of decline throughout 2017 and the first four months of 2018.-VNA
VNA
