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Vietnam raises $156.6mn in govt bond auction

Vietnam raises $156.6mn in govt bond auction

Wednesday, November 01, 2023, 18:03 GMT+7
Vietnam raises $156.6mn in govt bond auction
Vietnam's State Bank building is seen in Hanoi, Vietnam March 16, 2020. Photo: Reuters

HANOI -- Vietnam's government on Wednesday raised VND3.85 trillion ($156.63 million) selling bonds at an auction at the Hanoi Stock Exchange, the bourse said in a filing.

The State Treasury sold VND350 billion worth of 5-year bonds at the auction for a yield of 1.64%, the exchange said.

It also sold VND2 trillion of 10-year bonds and VND1.5 trillion of 15-year bonds at yields of 2.45% and 2.68%, respectively.

Last week, Vietnam raised VND6.45 trillion selling government bonds and government-guaranteed bonds with annual coupons ranging from 1.62% to 2.65% depending on the maturities.

State-run Vietnam Bank for Social Policies will auction 1.5 trillion of government-guaranteed bonds on Friday at the Hanoi Stock Exchange, the bourse said.

Separately, there were 17 corporate bond issuances in October with total value of VND18.3 trillion ($745.11 million), according to data as of Oct. 27 compiled by the Vietnam Bond Market Association (VBMA).

On Tuesday, Ho Chi Minh City Development Joint Stock Bank confirmed its plan to raise VND8 trillion selling bonds in a private placement later this year.

($1 = VND24,580)

Reuters

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