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Treasury raises $2.5b worth of Gov’t-bonds

The State Treasury of Viet Nam has mobilised over VND56 trillion (US$2.46 billion) through government bond (G-bond) auctions in Ha Noi Stock Exchange since the beginning of this year.

 

In the latest auction held on May 16, VND6 trillion ($263.7 million) worth of G-bonds were offered, including five-year and seven-year bonds valued at VND1 trillion ($44 million) each and 10-year and 15-year bonds at VND2 trillion ($88 million) each.

At this auction, a total of VND3.98 trillion ($147.9 million) were raised. Of the four terms, the State Treasury raised VND500 billion ($21.9 million) worth of five-year bonds with the average yield rate of 3 per cent per year, 0.03 per cent higher than that on May 2.

A total of VND1.9 trillion ($83.5 million) worth of 10-year bonds were sold in two separate auctions, with an interest rate of 4.23 per cent per year.

Meanwhile, VND1.58 trillion ($69.4 million) were mobilised in two 15-year bond auctions, with an interest rate of 4.58 per cent per year.

No bond was sold at the seven-year bond auction.

The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes against last year, thanks to the economic growth of more than 6.7 per cent and inflation of below 4 per cent.

The value of G-bonds issued in 2018 is estimated at some VND180 trillion ($7.92 billion), with the focus being on long-term maturity and keeping the interest rate at low levels.

G-bonds worth VND159.9 trillion ($7.03 billion), with an average maturity of 13.52 years, up by 4.81 years against 2016, were issued last year. The bonds had an average annual interest rate of some 6.07 per cent, down by 0.2 percentage points against 2016, according to the Ministry of Finance.

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Treasury raises $2.5b worth of Gov’t-bonds

The State Treasury of Viet Nam has mobilised over VND56 trillion (US$2.46 billion) through government bond (G-bond) auctions in Ha Noi Stock Exchange since the beginning of this year.

 

In the latest auction held on May 16, VND6 trillion ($263.7 million) worth of G-bonds were offered, including five-year and seven-year bonds valued at VND1 trillion ($44 million) each and 10-year and 15-year bonds at VND2 trillion ($88 million) each.

At this auction, a total of VND3.98 trillion ($147.9 million) were raised. Of the four terms, the State Treasury raised VND500 billion ($21.9 million) worth of five-year bonds with the average yield rate of 3 per cent per year, 0.03 per cent higher than that on May 2.

A total of VND1.9 trillion ($83.5 million) worth of 10-year bonds were sold in two separate auctions, with an interest rate of 4.23 per cent per year.

Meanwhile, VND1.58 trillion ($69.4 million) were mobilised in two 15-year bond auctions, with an interest rate of 4.58 per cent per year.

No bond was sold at the seven-year bond auction.

The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes against last year, thanks to the economic growth of more than 6.7 per cent and inflation of below 4 per cent.

The value of G-bonds issued in 2018 is estimated at some VND180 trillion ($7.92 billion), with the focus being on long-term maturity and keeping the interest rate at low levels.

G-bonds worth VND159.9 trillion ($7.03 billion), with an average maturity of 13.52 years, up by 4.81 years against 2016, were issued last year. The bonds had an average annual interest rate of some 6.07 per cent, down by 0.2 percentage points against 2016, according to the Ministry of Finance.

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