State treasury raises $133.3 million from bond auction

vietnamnews

Update: November, 03/2017 – 15:40

The State Treasury of Việt Nam on November 1 raised VNĐ3 trillion (US$133.3 million) from government bond auctions on November 1. — Photo tinnhanhchungkhoan.vn
Viet Nam News HÀ NỘI — The State Treasury of Việt Nam on Wednesday raised VNĐ3 trillion (US$133.3 million) from Government bond auctions, raising the total value of bond issuance to VNĐ156.2 trillion since the beginning of the year.

Four tenures were offered for auction at the Hà Nội Stock Exchange – five-year and 10-year-term bonds valued at VNĐ1 trillion each, and seven-year and 30-year-term bonds valued at VNĐ500 billion each.

Of the four types, the auction of seven-year bonds drew the attention of 12 market members. The bonds were sold at the average yield rate of 4.85 per cent per year, slightly higher than the rate during the previous auction on October 25.

Auction of 10-year and 30-year bonds attracted nine and seven market members, respectively. The bonds were sold at average yield rates of 5.42 per cent and 6.1 per cent per year, respectively. The rates were the same as those on October 25.

In October, the Hà Nội Stock Exchange held 15 Government bond auctions, raising total VNĐ7.51 trillion for the State treasury – a monthly increase of 45.5 per cent.

The annual yield rates were 4.5-4.65 per cent for five-year bonds, 4.83 per cent for seven-year bonds, 5.42-5.9 per cent for 10-year bonds and 6.2 per cent for 15-year bonds.

Compared with September, five-year and seven-year bonds saw their yield rates down, while the figure for 10-year bonds was up.

Also in October, the secondary Government bond market saw total outright trading volume reach over 952 million bonds, worth VNĐ104.6 trillion – a monthly decrease of 10.9 per cent.

Total bonds that were traded through repurchase agreement (repo) trading reached nearly 1.05 billion, worth VNĐ106.1 trillion – an increase of 17.7 per cent month-on-month.

Foreign investors purchased bonds worth a total of VNĐ4.5 trillion through outright trading and bought none through repo trading. They sold more bonds worth more than VNĐ4.8 trillion through outright trades and VNĐ345 billion through repo trades. — VNS

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