Over US$125 million collected from latest G-bond auction
The State Treasury of Vietnam raised more than VND2.93 trillion (US$125.5 million) from Government bonds (G-bonds) in an auction at the Hanoi Stock Exchange (HNX) on November 21.
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| (Photo: dantri.com) |
According to the HNX, the auction offered a total of VND5 trillion (US$214.2 million) worth of G-bonds with different maturities.
Four tenures were available, including five-year and seven-year bonds valued at VND500 billion (US$21.4 million) each, and 10-year and 15-year bonds worth VND2 trillion (US$85.7 million) each.
The auction of 10-year bonds mobilised over VND1.83 trillion (US$78.4 million) at the average yield rate of 5.06% per year, up 0.03% from that of the previous G-bond auction on November 14.
Meanwhile, the 15-year bond auction collected VND1.1 trillion (US$47.1 million) at the average interest rate of 5.3% per year, the same as the last auction.
There was no successful bid for five- and seven-year bonds.
So far this year, the State Treasury has raised nearly VND133.7 trillion (US$5.72 billion) from G-bond auction at the HNX, accounting for 74.3% of the yearly target.
According to the Ministry of Finance, Vietnam expects to issue VND180 trillion (US$7.7 billion) worth of G-bonds this year, with the focus being on long-term maturity and keeping the interest rate at low levels.
G-bonds valuing at VND159.9 trillion (US$7.03 billion) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year. The bonds had an average annual interest rate of some 6.07%, down 0.2 percentage points against 2016.
