State Treasury offloads over $288 million in G-bonds

March 07, 2015 | 09:33

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The State Treasury of Viet Nam sold VND6.149 trillion (US$288.6 million) worth of Government bonds on March 5.

State Treasure of Viet Nam mobilises $288.6 million in G-bonds on March 5. Photo doanhnghiepvietnam.com

G-bond auction organiser, the Hanoi Stock Exchange (HNX), said the treasury had offered VND7trillion ($328.6 million) worth of bonds, including VND5 trillion ($234.7 million) in five-year term bonds, VND 1 trillion ($46.9 million) in 10-year term bonds and VND1 trillion ($46.9 million) in 15-year term bonds, for sale.

Following the sale, the treasury offloaded more than VND4.149 trillion ($195.7 million) worth of five-year bonds at a coupon rate of 5.30 per cent per year, said HNX.

Also, it sold out all the long-term bonds offered at the same time. The 10-year term bonds were sold at a coupon rate of 6.38 per cent per year and the 15-year term bonds were sold at a coupon rate of 7.25 per cent per year.

After having conducted seven auctions since early 2015, the treasury has mobilised over VND46.5 trillion ($2.18 billion) in G-bonds.

VNS

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