G-bond auctions raise $1.05 billion in August

G-bond auctions raise $1.05 billion in August

The Ha Noi Stock Exchange (HNX) has announced that it held seven Government bond (G-bond) auctions in the primary market that raised VND22.03 trillion (US$1.05 billion) this August.

HNX officials said that during these auctions, the State Treasury raised VND19.5 trillion ($929 million) while the Bank of Social Policies raised VND300 billion ($14.2 million) and the Ha Noi City People's Committee raised VND2.22 trillion ($105.7 million).

The volume of G-bonds mobilised in August was 5 per cent lower than that of July, and the bonds' interest rates in August likewise fell by 0.17 to 0.68 per cent from those of the previous month.

HNX officials revealed that in the secondary market, an estimated 447 million bonds were traded in outright or normal transactions at more than VND47.4 trillion ($2.25 billion). Most of the outright transactions focused on bonds with remaining terms of five years, three years, two years and 12 months.

Meanwhile, repos, or the repurchase agreement for the seller to buy back the bonds at a later date, also reached more than 260 million bonds worth VND26.8 trillion($1.2 billion).

HNX officials said foreign investors bought more than VND6.0 trillion ($285.7 million) and sold more than VND6.3 trillion ($300 million) in outright trading, even as they bought VND575 billion ($27.3 million) and sold more than VND97 billion ($4.62 million) in repos.

bizhub