More than $193 million raised from G-bonds
More than $193 million raised from G-bonds
The Ha Noi Stock Exchange (HNX) raised VND4.5 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 VND7.5 trillion worth of G-bonds with 5-year, 7-year, 10-year, 15-year, 20-year and 30-year maturity.
Some VND300 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 VND2.1 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 VND2.1 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 VND90 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 VND180 trillion.
