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Banking & Finance

VBSP holds bond auction

Released at: 09:29, 09/06/2015

VBSP holds bond auction

Only half of government bonds on offer sold.

by Hung Nguyen

On the afternoon of June 8 the Vietnam Bank for Social Policies (VBSP) held an auction of government bonds at the Hanoi Stock Exchange, where VND1 trillion ($45.84 million) in bonds with maturities of three years were offered but successful bids only totaled VND500 billion ($22.92 million).

The winning interest rate on the bonds was 6 per cent per annum; 0.03 per cent higher than at the last auction on June 1. There were three participants at the auction, with a total bid value of VND800 billion ($36.67 million), with interest rate bids in the range of 5.95 - 6.03 per cent per annum.

Since 2015 VBSP has mobilized VND6.25 trillion ($286.5 million) in government bonds.

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