Government sells VND 450 billion worth of bonds

Nhan Dan – The Government sold VND 450 billion (US$22.05 million) worth of bonds on July 28 at an auction organised by the Hanoi Stock Exchange.

The State Treasury planned to issue a total of VND 2,000 billion (US$98 million) three- and five-year term bonds .

The three-year bonds attracted five bidders with bids ranging from 12.10% per year to 13.00% per year, while the five-year papers drew only three bidders in between 12.50% and 12.70% per year.

Results show that VND 150 billion (US$7.35 million) worth of 3-year bonds were sold at a yield of 12.40% per year and VND 300 billion (US$14.7 million) worth of 5-year bonds sold at 12.50% per year.

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