According to the HNX, the auction offered a total of 5 trillion VND (214.2 million USD) worth of G-bonds with different maturities.

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Over 125 million USD was collected from a G-bond auction on November 21. (Photo for illustration: dantri.com.vn)

Four tenures were available, including five-year and seven-year bonds valued at 500 billion VND (21.4 million USD) each, and 10-year and 15-year bonds worth 2 trillion VND (85.7 million USD) each.

The auction of 10-year bonds mobilised over 1.83 trillion VND (78.4 million USD) at the average yield rate of 5.06 percent per year, up 0.03 percent from that of the previous G-bond auction on November 14.

Meanwhile, the 15-year bond auction collected 1.1 trillion VND (47.1 million USD) at the average interest rate of 5.3 percent per year, the same as the last auction.

There was no successful bid for five- and seven-year bonds.

So far this year, the State Treasury has raised nearly 133.7 trillion VND (5.72 billion USD) from G-bond auction at the HNX, accounting for 74.3 percent of the yearly target.

According to the Ministry of Finance, Vietnam expects to issue 180 trillion VND (7.7 billion USD) worth of G-bonds this year, with the focus being on long-term maturity and keeping the interest rate at low levels.

G-bonds valuing at 159.9 trillion VND (7.03 billion USD) and having an average maturity of 13.52 years, up 4.81 years against 2016, were issued last year. The bonds had an average annual interest rate of some 6.07 percent, down 0.2 percentage points against 2016.

Source: VNA