Photo shows VNĐ100,000 (US$4.3) bond notes. Nearly $513 million worth of government bonds was raised in May, down 5 per cent monthly. - Photo tinnhanhchungkhoan.vn

HÀ NỘI – The State Treasury of Việt Nam raised more than VNĐ11.9 trillion (nearly US$513 million) through Government bond auctions on the Hà Nội Stock Exchange (HNX) in May, down 5 per cent against the previous month. 

Successful bidders will enjoy an annual yield of 3.7 per cent for five-year bonds, 4.69-4.72 per cent for 10-year bonds, 5.04-5.06 per cent for 15-year-bonds, 5.68-5.69 per cent for 20-year bonds, and 5.85-5.88 per cent for 30-year bonds.

Compared with April, the coupon rates of 30-year bonds increased 0.03 per cent per annum. Meanwhile, the rates of the remaining bonds fell between 0.01 and 0.03 per cent.

In the G-bond secondary market, the total volume of G-bonds sold by the outright method exceeded 783 million, equivalent to over VNĐ86 trillion ($3.7 billion), up 11.5 per cent in value from the previous month. 

The trading volume through repurchase agreements (repos) reached more than 888 million bonds, worth more than VNĐ90 trillion ($3.8 billion), down 8.4 per cent in value month on month.

Foreign investors made outright purchases worth over VNĐ2.4 trillion ($103.2 million), and outright sales of more than VNĐ1.2 trillion ($51.6 million). Their repo sales were estimated at VNĐ365 billion ($15.6 million).

The State Treasury has so far this year raised nearly VNĐ94 trillion ($4 billio) via Government bond auctions at the HNX, fulfilling over 36 per cent of its annual target. 

It plans to issue G-bonds worth VNĐ260 trillion ($11.2 billion) via auctions in 2019. – VNS