Monday, August 20 2018

VietNamNews

More than $193 million raised from G-bonds

Update: July, 26/2018 - 17:00
The Hà Nội Stock Exchange raised US$193.5 million at a G-bond auction on Wednesday. — Photo VNA
Viet Nam News

HÀ NỘI — The Hà Nội Stock Exchange (HNX) raised VNĐ4.5 trillion (US$193.5 million) at the latest auction of Government bonds (G-bonds) issued by the State Treasury on Wednesday.

The auction aimed to sell VNĐ7.5 trillion worth of G-bonds with 5-year, 7-year, 10-year, 15-year, 20-year and 30-year maturity.

Some VNĐ300 billion was mobilised from 5-year bonds with annual interest rate of 3.9 per cent, up 0.05 percentage points from the previous auction on July 18.

Eight bidders bought 10-year bonds at a total of VNĐ2.1 trillion with annual yield rate of 4.48 per cent, up 0.02 percentage points from the July 18 auction.

G-bonds with 15-year maturity also fetched VNĐ2.1 trillion, winning interest rate of 4.78 per cent per year, up 0.02 percentage points from the last auction.

There were no successful bids for 5-year, 20-year or 30-year G-bonds.

The State Treasury has so far this year raised more than VNĐ90 trillion 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 per cent and inflation below 4 per cent. It expects the value of G-bonds issued this year to reach VNĐ180 trillion. — VNS

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