G-bond mobilisation lower in September
G-bond mobilisation lower in September
Ha Noi Stock Exchange helped offload VND13.7 trillion (US$617 million) in government bonds (G-bonds) through 17 auctions held in September, down 58.3 per cent from the bonds offloaded in August.
In particular, the State Treasury mobilised VND11trillion, the Bank of Social Policy mobilised VND2.14 trillion and the province of Ba Ria-Vung Tau raised VND500 billion.
The coupon rates of five-year term bonds ranged from six to 6.77 per cent per annum, seven-year term bonds were at 6.2 per cent per annum, 10-year term bonds were from 6.5 to 7.5 per cent per annum, 15-year term bonds ranged from 7.47 to 8.07 per cent per annum, 20-year term bonds were 7.73 per cent per annum and 30-year term bonds were from 7.98 to7.99 per cent per annum.
Compared with August, coupon rates in September of seven-year bonds reduced 0.14 per cent per annum, 15-year bonds decreased by 0.18 per cent per annum and 30-year bonds declined 0.02 per cent per annum.
On the secondary bond market, the total volume of G-bonds traded outright reached over 951 million bonds, equivalent to transaction value of over VND100 trillion, up 10.4 per cent in value compared with August, while repos transaction reached more than 496 million bonds, equivalent to the transaction value of VND48.7 trillion, down 10.5 per compared with August.
Foreign investors also made outright purchases of more than VND7.9 trillion and outright sale transactions of over VND5.3 trillion. Thus, foreign investors were net buyers of VND2.6 trillion on the bond market.
They made repos sale of over VND309 billion and no repos buys in September.
