State treasury raises VND5.9 trillion from government bonds

Sunday, 04/06/2017 10:38
The State treasury has successfully raised VND5.9 trillion (USD260 million) for the State budget through an auction of Government bonds on the Hanoi Stock Exchange (HNX) on June 1st.

Illustrative image (Photo: VNA)

The bonds were offered for four tenures: five years and seven years, with VND2 trillion for each term; and 10 years and 15 years, valued at VND1 trillion.

The five-year bonds brought in only VND1.343 trillion with a winning yield of 5.05 percent, up two basic points compared to the previous sale on May 24th.

The seven-year and 10-year bonds sold for a total value of VND3 trillion, at lower interest rates compared to the previous sessions, with winning yields of between 5.34 percent and 5.91 percent per year.

The 15-year bonds raised VND950 billion, with a winning yield of 6.64 percent, which is six basic points lower compared to the session held on May 17th.

A total of VND600 billion was raised in the sub-session sales for the 10-year and 15-year terms.

Since early this year, the State treasury has been selling Government bonds. So far it has sold bonds worth around VND103.4 trillion through auctions at HNX./.

CPV/VNA

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