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HNX raises $1b from Government bonds

Update: March, 05/2014 - 08:42

HA NOI (VNS) — The Ha Noi Stock Exchange (HNX) announced that it has mobilised VND25 trillion, or US$1.19 billion, from seven government bond auctions in February.

Out of them, the State Treasury raised VND23 trillion, or $1.09 billion, the Vietnam Development Bank mobilised VND1.25 trillion, or $59.5 million and the Vietnam Bank for Social Policies sold VND820 billion.

HNX said that the number of bonds mobilised in the primary market increased 15.9 per cent compared with that in January.

The interest rate ranged from 6.15 to 6.58 per cent for two-year bonds, from 6.7 to 7.84 per cent for three-year bonds and from 7.67 to 9 per cent for five-year bonds.

In the secondary market, the total number of government bonds in outright transactions reached 336 million that was equivalent to VND35.8 trillion, or $1.7 billion.

The total volume of government bonds in repurchase transactions reached 89.2 million, equivalent to VND8.99 trillion, or $428.2 million.

The value of government-guaranteed bonds was over VND8.19 trillion, or over $390 million, in outright transactions and more than VND4.48 trillion, or $213.4 million, in repurchase transactions.

In February, foreign investors bought bonds worth more than VND5.08 trillion, or $241.9 million, and sold VND3,584 billion, or $170.6 million. In the secondary market alone, the State Treasury sold 7.4 million bonds, equivalent to over VND710 billion, or $33.8 million, to international investors. — VNS

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