G-bonds mobilised down 68% in April

May 6th at 08:17
06-05-2020 08:17:49+07:00

G-bonds mobilised down 68% in April

The Ha Noi Stock Exchange (HNX) held 16 bidding sessions for Government bonds, mobilising VND3.07 trillion (US$130.6 million) last month, down 68 per cent from the previous month.

 

One hundred per cent of Government bonds (G-bonds) mobilised last month were issued by the State Treasury.

The successful bids made up for 18.6 per cent. The volume of bidding was 1.7 times higher than the call for bids.

Interest rates of State Treasury bonds increased in all terms last month compared to March, ranging between 0.10 and 0.32 per cent per year.

On the secondary market, the total value of G-bonds listed reached nearly VND1.11 quadrillion as of April 29.

The average trading value per session reached more than VND7 trillion per session, down 49 per cent compared to the previous month.

Outright trading topped 556 million bonds, or VND63.8 trillion, down 23.7 per cent in value over last month.

Trading volume through repurchase agreements (repos) was more than 709 million bonds, equivalent to VND76.2 trillion, down 36.6 per cent month-on-month.

Foreign investors did outright trading worth in excess of VND4.5 trillion in purchase value and VND3.2 trillion in sales value.

They also did repos selling of upwards VND194 billion.

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