In the latest auction held on May 16, VND 6 trillion (USD 263.7 million) worth of G-bonds were offered, including five-year and seven-year bonds valued at VND 1 trillion (USD 44 million) each, and 10-year and 15-year bonds at VND 2 trillion (USD 88 million) each.

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At this auction, a total of VND 3.98 trillion (USD 147.9 million) was raised. Of the four terms, the State Treasury of Vietnam raised VND 500 billion (USD 21.9 million) worth of five-year bonds with the average yield rate of 3 percent per year, 0.03 percent higher than that on May 2.

A total of VND 1.9 trillion (USD 83.5 million) worth of 10-year bonds was sold at two separate auctions, with an interest rate of 4.23 percent per year.

Meanwhile, VND 1.58 trillion (USD 69.4 million) was mobilized at two 15-year bond auctions wit an interest rate of 4.58 percent a year.

No bond was sold at the seven-year bond auction.

The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes against last year, thanks to the economic growth of more than 6.7 percent and inflation of below 4 percent.

The value of G-bonds issued in 2018 is estimated at some VND 180 trillion (USD 7.92 billion), with the focus being on long-term maturity and keeping the interest rate at low levels.

G-bonds worth VND 159.9 trillion (USD 7.03 billion) 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, according to the Ministry of Finance.

Source: VNA