Government bond sales soar in October

November 04, 2015 | 08:41

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Forty three government bond auctions on the Ha Noi Stock Exchange mopped up VND24.95 trillion (US$1.1 billion) in October, almost 10 times the amount in September.

Forty three government bond auctions on the Ha Noi Stock Exchange mopped up VND24.95 trillion (US$1.1 billion) in October, almost 10 times the amount in September.- File Photo

The Viet Nam State Treasury raised VND12.95 trillion ($580.1 million), the Viet Nam Development Bank, VND11.3 trillion, and the Viet Nam Bank for Social Policies, VND700 billion ($31.3 million).

In the auctions, the winning bids were 6.54-6.7 per cent coupon rates for three-year bonds, 6.63-7.35 per cent for five-year bonds, 6.9-7.3 per cent for 10-year bonds, and 7.65-7.9 per cent for 15-year bonds.

The interest rates were respectively up 0.24 per cent, 0.03 per cent, and 0.1 per cent from September, with the five-year bonds remaining unchanged.

On the secondary market, 422 million government bonds were traded for VND 46 trillion ($2.06 billion), a 16.7 per cent rise from September, though repo trading was down 36.2 per cent at 175 million bonds worth VND17.4 trillion ($779.2 million).

VNS

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