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Banking & Finance

$170 million in government bond sold at auction

Released at: 14:51, 28/10/2015

$170 million in government bond sold at auction

Mixed results at latest auction, with three- and five-year terms selling well but no buyers for ten- and 15-year terms.

by Hung Nguyen

The Hanoi Stock Exchange has announced details of the auction of government bonds by the Vietnam Development Bank (VDB) on October 24.

The total bond offering was VND5 trillion with four terms of maturities. VND2 trillion ($89.62 million) worth of bonds issued were available in both three- and five-year terms, while VND500 billion ($22.40 million) were available in both ten- or 15-year terms.

There were six participants in the auction of the three-year bonds, with a total placement of VND6 trillion ($268.86 million) with yields from 6.45 to 6.8 per cent per annum. All VND2 trillion worth of bonds were sold with a winning yield of 6.63 per cent per annum, 0.07 per cent lower than at the last auction.

There were five participants in the five-year bond auction, with a total placement of VND2.4 trillion ($107.54 million) with yields of 7-7.45 per cent per annum. The auction sold VND1.9 trillion ($85.13 million) with a winning yield of 7.35 per cent per annum, 0.25 per cent higher than the last auction.

The ten and 15 year bonds were not sold. Since the beginning of this year the VDB has successfully sold VND15.45 trillion ($692.31 million) worth of government bonds.

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