HNX offloads $1.26b of government bonds on February

March 05, 2016 | 08:55

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The Ha Noi Stock Exchange (HNX) sold VND28.3 trillion (US$1.26 billion) worth of government bonds issued by the State Treasury of Viet Nam in eight auctions in February.

HNX sold $1.26 billion worth of government in eight auctions in February. - Photoenternews.vn

This marked an increase of 15.8 per cent compared with January.

The coupon rate of the three-year bonds sold ranged from 5.5 per cent to 5.75 per cent per year, while for the five-year bonds, it ranged from 6.29 per cent to 6.6 per cent per year. The coupon rate of the 15-year bonds was 7.65 per cent per year.

Compared with January, the coupon rate of the three-year bonds in February fell by some 0.28 per cent per year, five-year bonds dropped by some 0.29 per cent per year and 15-year bonds remained the same.

On the secondary market, the total volume of government bonds sold by the outright method reached more than 493 million, worth VND51.6 trillion ($2.3 billion), in February, marking a 52.1 per cent increase in value over January.

Trading volume through repurchase agreements (repos) was 261 million bonds, worth over VND25.3 trillion ($1.13 billion), up 111 per cent compared with the previous month.

Foreign investors bought more than VND6.5 trillion ($291 million) worth of bonds and sold more than VND3 trillion ($134 million) of them under the outright method.

Sales transactions under the repos method by foreigners reached a value of VND90 billion ($4.03 million), while no buying transactions were recorded.

VNS

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