Over VND3.6 trillion collected from G-bond auction this week
The State Treasury of Vietnam raised more than VND3.6 trillion (US$154.8 million) from Government bonds (G-bonds) in this week’s auction, according to the Hanoi Stock Exchange (HNX).
 |
The auction offered VND4.5 trillion (US$193.5 million) worth of G-bonds with different maturities.
Three tenures were available, including five-year bonds worth VND500 billion (US$21.5 million) and ten-year and 15-year bonds each worth VND2 trillion (US$86 million).
The auction of 10-year bonds mobilised over VND1.9 trillion (US$81.7 million) at the average yield rate of 5.1% per year, up 0.04% from that of the previous G-bond auction on November 21.
Meanwhile, the 15-year bond auction collected VND510 billion (US$21.93 million) at the average interest rate of 5.3% per year, the same as the last auction.
There was no successful bid for five-year bonds.
So far this year, the State Treasury has raised nearly VND137.3 trillion (US$5.9 billion) from G-bond auction at the HNX.
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.
