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Banking & Finance

VBSP sells $43.32 million in goverment bonds

Released at: 11:23, 01/12/2015

VBSP sells $43.32 million in goverment bonds

November 30 auction sells around two-thirds of bonds on offer.

by Hung Nguyen

The Vietnam Bank for Social Policies (VBSP) conducted an auction of government bonds on November 30 at the Hanoi Stock Exchange, selling VND975 billion ($43.32 million) of the VND1.5 trillion ($66.66 million) on offer.

The three-year bonds were fully sold, for VND500 billion ($22.22 million), VND400 billion ($17.77 million) in five-years bonds were sold out of the VND800 billion ($35.55 million) on offer, while VND75 billion ($3.33 million) worth of 15-year bonds was sold out of the VND200 billion ($8.88 million) available.

The winning yields were 6.38 per cent, 7.3 per cent, and 8.1 per cent per annum, respectively. Compared to the previous auction, the three-year bonds had the same yield, the five-year bonds were 0.02 per cent higher, and the 15-year bonds 0.05 per cent higher.

VBSP has sold VND13.59 trillion ($603.93 million) worth of government bonds since the beginning of the year.

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