Illustrative image (Photo: VNA)Hanoi (VNA) – The State Treasury of Vietnam raised more than 10.2 trillionVND (438.6 million USD) from government bonds (G-bonds) in November’s 14 auctionsat the Hanoi Stock Exchange (HNX), up 23 percent from October.
Therate of successful bids was at 52.1 percent due to increases in yield rates forfive-year, seven-year, and 10-year bonds. In particular, the annual interestrate of 10-year bonds was between 5 and 5.2 percent, and for 15-year bondsbetween 5.25 and 5.3 percent.
Inthe secondary market, more than 515 million G-bonds were traded at a value ofover 56.9 trillion VND (2.44 billion USD) in November, up 2.15 percent against theprevious month.
Meanwhile,trading volume through repurchase agreements (repos) reached more than 753units worth 74.7 trillion VND (3.21 billion USD), representing a monthlydecrease of 16.3 percent in value.
Accordingto the Ministry of Finance, Vietnam expects to issue 180 trillion VND (7.7billion USD) worth of G-bonds this year, with the focus being on long-termmaturity and keeping the interest rate at low levels.
G-bondsvalued at 159.9 trillion VND (7.03 billion USD) issued last year had an averagematurity of 13.52 years, up 4.81 years against 2016. The bonds had an averageannual interest rate of some 6.07 percent, down 0.2 percentage points against2016. –VNA
VNA
