Vietnam sells 40.63pct of offered G-bonds, yields down
Vietnam sells 40.63pct of offered G-bonds, yields down
Vietnam could sell only 40.63 percent of the total 8 trillion dong bonds auctioned on May 29, yields ranging from 8.9-9.45 percent, said the Hanoi Stock Exchange.
Out the total, Vietnam sold 1.1 trillion dong 2-year notes out of the 2 trillion dong offered, at the fixing yield of 8.9 percent; 1.35 trillion dong 3-year notes out of the 3 trillion dong offered at the fixing rate of 9.1 percent and 800 billion dong 5-year notes out of 3 trillion dong offered at the fixing rate of 9.45 percent.
Total deposits at commercial banks in the first five months of this year surged 5.42 percent from the end of 2011 while Vietnam’s broadest measure of total money supply (M2) rose 4.47 percent, the local newswire VnEconomy.vn reported, citing the government’s recent press release.
The overnight interbank deposit rate dropped six basis points to 1.5 percent, the lowest level since June 2009 on May 28 when the central bank cut key interest rates.
The dong traded at 20,840 per dollar as in Hanoi. The central bank fixed the reference rate at 20,828, unchanged since December 26, according to its website. The currency is allowed to trade as much as 1 percent on either side of the rate.
hnx
