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G-bonds worth US$671 million raised in July

Update: August, 06/2018 - 14:35
The Hà Nội Stock Exchange organised 33 Government-bond auctions in July. — VNA/VNS Photo
Viet Nam News

HÀ NỘI — The Hà Nội Stock Exchange organised 33 Government-bond auctions last month, raising VNĐ15.77 trillion (US$671 million), down 6.9 per cent against the previous month.

Interest rates of the bonds rose for all terms compared with June, of which five-year bonds were up 0.35 percentage points to 3.45-4.10 per cent per year, 10-year bonds were up 0.13 percentage points to 4.40-4.48 per cent, 15-year bonds were up 0.08 percentage points to 4.70-4.78 per cent and 20-year bonds were up 0.02 percentage points to 5.22 per cent.

On the secondary market, the total volume of Government bonds sold by the outright method in the month reached over 554.6 million worth VNĐ62.4 trillion, down 42.3 per cent in value from June.

Of the total, foreign investors made outright purchases of over VNĐ2.18 trillion and outright sale transactions of more than VNĐ6.42 trillion ($176 million).

Trading volume through repurchase agreements (repos) was more than 902 million bonds valued at VNĐ92.5 trillion, decreasing 39.7 per cent in value against the previous month. 

Foreign investors made no repo trading during the month.

According to the Ministry of Finance, the value of G-bonds issued in 2018 is estimated at some VNĐ180 trillion ($7.93 billion), with the focus being on long term maturity and keeping the interest rate at low levels. — VNS

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