Hanoi – The State Treasury of Vietnam raised a total of 1.615 trillion VND (71.77 million USD) during an auction of government bonds worth 6 trillion VND at the Hanoi Stock Exchange (HNX) on May 23.
Accordingly, on offer were five-year and 20-year bonds worth 1 trillion VND each and 10-year and 15-year bonds valued at 2 trillion VND each.
As many as 215 billion VND was mobilised from five-year bonds with an annual interest of 3 percent, equivalent to the rate of the previous auction on May 16.
Bonds with 10-year maturity raised 700 billion VND with an annual interest of 4.26 percent, up 0.03 percent from the previous auction.
Those with 15-year term attracted 700 billion VND with an annual interest of 4.6 percent, marking a 0.02 percent increase.
Meanwhile, 20-year bonds recorded no transaction.
Since early 2018, the State Treasury raised over 57.6 trillion VND via auctions at the HNX.
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 180 trillion VND (7.92 billion USD), with the focus being on long-term maturity and keeping the interest rate at low levels.
G-bonds worth 159.9 trillion VND (7.03 billion USD) 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.
Photo: SBV (State Bank of Vietnam)