Friday, 18/05/2018 10:55 (GMT+7)
The State Treasury of Vietnam has mobilised over VND56 trillion (USD2.46 billion) through Government bond auctions in the Hanoi Stock Exchange since the beginning of this year.
State Treasury of Vietnam raises over VND56 trillion (USD2.46 billion) through Government bond auctions so far this year (Source: Internet)
In the latest auction held on May 16th, VND6 trillion (USD263.7 million) worth of G-bonds were offered, including five-year and seven-year bonds valued at VND1 trillion (USD44 million) each, and 10-year and 15-year bonds at VND2 trillion (USD88 million) each.
At this auction, a total of VND3.98 trillion (USD147.9 million) was raised. Of the four terms, the State Treasury of Vietnam raised VND500 billion (USD21.9 million) worth of five-year bonds with the average yield rate of 3 percent per year, 0.03 percent higher than that on May 2nd.
A total of VND1.9 trillion (USD83.5 million) worth of 10-year bonds was sold at two separate auctions, with an interest rate of 4.23 percent per year.
Meanwhile, VND1.58 trillion (USD69.4 million) was mobilised at two 15-year bond auctions with an interest rate of 4.58 percent a year.
No bond was sold at the seven-year bond auction.
The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes against last year, thanks to the economic growth of more than 6.7 percent and inflation of below 4 percent.
The value of G-bonds issued in 2018 is estimated at some VND180 trillion (USD7.92 billion), with the focus being on long-term maturity and keeping the interest rate at low levels.
G-bonds worth VND159.9 trillion (USD7.03 billion) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year. The bonds had an average annual interest rate of some 6.07 percent, down 0.2 percentage points against 2016, according to the Ministry of Finance./.
CPV/VNA