Gov’t earns more than VND3 trillion from latest bond sales
Gov’t earns more than VND3 trillion from latest bond sales
The State Treasury of Vietnam has raised VND3.12 trillion (US$134 million) worth of government bonds at a recent auction on the Hanoi Stock Exchange.
Employees work at a government bond auction at the Hanoi Stock Exchange in Hanoi. More than VND3 trillion worth of government bonds was mobilized at a recent auction there – PHOTO: VNA
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The agency offered G-bonds in three tenors: seven years for VND1 trillion and 10 years and 30 years for VND2 trillion each, reported the Vietnam News Agency.
As a result, the proceeds of the auction totaled VND3.12 trillion (US$134 million), with interest rates on all tenors dropping 0.11% to 0.37% per year compared to previous sales.
In particular, VND370 billion worth of seven-year bonds was mobilized with an annual interest rate of 1.9%, down a mere 0.1% compared with the auction on March 4.
As much as VND2 trillion was raised from 10-year bonds with an annual interest rate of 2.18%, down 0.61% from the February 26 auction.
Meanwhile, an additional VND750 billion was collected through 30-year bonds, with a yield rate of 3%, 0.25% lower than that in the March 4 session.
So far this year, the State Treasury has collected VND31.38 trillion (US$1.34 billion) worth of government bonds on the northern bourse.
