The State Treasury of Vietnam raised more than 3.6 trillion VND (154.8 million USD) from Government bonds (G-bonds) in this week’s auction, according to the Hanoi Stock Exchange (HNX). 

 

The auction offered 4.5 trillion VND (193.5 million USD) worth of G-bonds with different maturities. 

 

Three tenures were available, including five-year bonds worth 500 billion VND (21.5 million USD) and ten-year and 15-year bonds each worth 2 trillion VND (86 million USD). 

 

The auction of 10-year bonds mobilised over 1.9 trillion VND (81.7 million USD) at the average yield rate of 5.1 percent per year, up 0.04 percent from that of the previous G-bond auction on November 21.

 

Meanwhile, the 15-year bond auction collected 510 billion VND (21.93 million USD) at the average interest rate of 5.3 percent 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 137.3 trillion VND (5.9 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-term maturity and keeping the interest rate at low levels.

 

G-bonds valuing at 159.9 trillion VND (7.03 billion USD) 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 percent, down 0.2 percentage points against 2016. –VNA