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Government bonds fetch high yields at auction

Update: March, 10/2012 - 08:29

HA NOI — All three-year government bonds issued by the State Treasury worth VND1 trillion (US$47.6 million) were sold in an auction held on the Ha Noi Stock Exchange on Thursday, with yields reaching 10.94 per cent per year.

Up to VND960 billion ($45.7 million) worth of two-year bonds were also sold at an interest rate of 11 per cent on a total call of VND1 trillion, while only VND1.16 trillion out of a total VND2 trillion worth of five-year bonds were purchased at an interest rate of 11.1 per cent per year. — VNS

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