The auction aimed to sell VND 7.5 trillion, or USD 322.5 million, worth of G-bonds with 5-year, 7-year, 10-year, 15-year, 20-year and 30-year maturity.
    |
 |
|
Over USD 193 million raised from G-bonds on July 25. Photo: VNS |
Some VND 300 billion (USD 12.9 million) was mobilized from 5-year bonds with annual interest rate of 3.9 percent, up 0.05 percent from the previous auction on July 18.
Eight bidders bought 10-year bonds at a total of VND 2.1 trillion (USD 90.3 million) with annual yield rate of 4.48 percent, up 0.02 percent from the July 18 auction.
G-bonds with 15-year maturity also fetched VND 2.1 trillion, winning interest rate of 4.78 per year, up 0.02 percent from the last auction.
There were no successful bids for 5-year, 20-year or 30-year G-bonds.
From the outset of 2018, the State Treasury collected more than VND 90 trillion (USD 3.87 billion) through G-bond auctions at the HNX.
The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes from last year thanks to economic growth of more than 6.7 percent and inflation below 4 percent. It expects the value of G-bonds issued this year to reach VND 180 trillion (USD 7.92 billion).
Last year, Vietnam sold some VND 159.9 trillion, or USD 7.03 billion, worth of G-bonds with average maturity of 13.52 years and annual interest averaging 6.07 percent, down 0.2 percentage points against 2016.
The interest rates of Government bonds have risen lately, after a long period of decline throughout 2017 and the first four months of 2018.
Source: VNA