Nearly 700 billion VND (29.9 million USD) from Government bonds was moblised in an auction at the Hanoi Stock Exchange on October 31 (Photo: VNA)Hanoi (VNA) – The State Treasury of Vietnam raised nearly 700 billion VND (29.9million USD) from Government bonds (G-bond) in an auction at the Hanoi StockExchange (HNX) on October 31.
According to the HNX, the auction offered a total of 3 trillion VND (128.2 millionUSD) worth of G-bonds with different maturities.
Three tenures were available, including five-year, 10-year and 15-year bondsvalued at 1 trillion VND (42.7 million USD) each.
The auction of five-year bonds drew theinterest of 16 investors and mobilised 275 billion VND (11.75 million USD) atthe average yield rate of 4.2 percent per year, unchanged from that of theprevious auction on October 24.
The auction of 10-year bonds attracted eight bidders and sold 424 billion VND (18.11million USD) worth of bonds at the annual interest rate of 4.95 percent, up 0.05percent from that of the October 24 session.
There was no successful bid for 15-year bonds.
So far this year, the State Treasury of Vietnam has collected nearly 127.13trillion VND (5.4 billion USD) from G-bond auction at the HNX.
According to the Ministry of Finance, Vietnam expects to issue 180 trillion VND(7.7 billion USD) worth of G-bonds this year, with the focus being on long-termmaturity and keeping the interest rate at low levels.
G-bonds valuing at 159.9 trillion VND (7.03 billion USD) and having an averagematurity of 13.52 years, up 4.81 years against 2016, were issued last year. Thebonds had an average annual interest rate of some 6.07 percent, down 0.2percentage points against 2016. –VNA
VNA
