VND2.3 trillion raised from Government bonds
The Hanoi Stock Exchange (HNX) raised VND2.3 trillion (over US$98.7 million) at the latest auction of Government bonds (G-bonds) issued by the State Treasury on August 1.
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Illustrative image (Source: VNA)
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Five bidders bought 7-year bonds at VND100 billion (US$4.29 million) with average yield rate of 3.9%/year, the same interest rate with the previous auction (July 25).
Bonds with 10-year term fetched VND2.2 trillion (over US$94.3 million) with annual interest rate of 4.5%, up by 0.02% against the previous auction.
There were no successful bids for 5-year, 15-year, 20-year and 30-year bonds.
From the beginning of 2018, the State Treasury mobilised over VND92.3 trillion (over US$3.96 billion) through G-bond auctions at the HNX.
The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes from last year thanks to economic growth of more than 6.7% and inflation below 4 percent. It expects the value of G-bonds issued this year to reach VND180 trillion (US$7.92 billion).
Last year, Vietnam sold some VND159.9 trillion, or US$7.03 billion, worth of G-bonds with average maturity of 13.52 years and annual interest averaging 6.07%, down 0.2 percentage points against 2016.
The interest rates of Government bonds have risen lately, after a long period of decline throughout 2017 and the first four months of 2018.
