Vietnam raises $323.8 mln in government bond auction
Vietnam's State Treasury secured 8.44 trillion dong from its latest government bond auction, a dip from the previous week's 12 trillion dong offering. While 58% of bonds were sold, the auction saw no uptake for 5- and 30-year maturities. This br...
By Reuters |
ETMarkets.com
Vietnam's State Treasury raised 8.44 trillion dong ($323.8 million) in its weekly government bond auction on Wednesday, down from the $496 million raised last week.
The uptake was also lower, with 58% of the bonds on offer sold, compared with 60% last week, according to a Hanoi Stock Exchange filing.
The auction took total government bond sales so far this year to 24.4 trillion dong, according to exchange data.
Proceeds from bond sales are mainly used to fund Vietnam's public investments, one of the key drivers of economic growth.
At Wednesday's auction, the treasury sold 8.44 trillion dong of the 12 trillion dong worth of 10-year bonds on offer at a coupon of 4.04%.
It sold one-fifth of the 1 trillion dong of 15-year bonds on offer at a coupon of 4.12%, but failed to offload any of the combined 1.5 trillion dong worth of 5- and 30-year bonds offered.
On the corporate side, Vietnamese companies raised 3.7 trillion dong via bonds in the year to January 23, according to bond market association data.
The total value of corporate bonds maturing during the remaining of this year is 204 trillion dong, with the real estate sector accounting for 61% and the banking sector 11.2%.
The uptake was also lower, with 58% of the bonds on offer sold, compared with 60% last week, according to a Hanoi Stock Exchange filing.
The auction took total government bond sales so far this year to 24.4 trillion dong, according to exchange data.
Proceeds from bond sales are mainly used to fund Vietnam's public investments, one of the key drivers of economic growth.
At Wednesday's auction, the treasury sold 8.44 trillion dong of the 12 trillion dong worth of 10-year bonds on offer at a coupon of 4.04%.
It sold one-fifth of the 1 trillion dong of 15-year bonds on offer at a coupon of 4.12%, but failed to offload any of the combined 1.5 trillion dong worth of 5- and 30-year bonds offered.
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On the corporate side, Vietnamese companies raised 3.7 trillion dong via bonds in the year to January 23, according to bond market association data.
The total value of corporate bonds maturing during the remaining of this year is 204 trillion dong, with the real estate sector accounting for 61% and the banking sector 11.2%.
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