The Viet Nam State Treasury raised around VND6.8 trillion (US$300 million) for the state budget through an auction of bonds on the Ha Noi Stock Exchange (HNX) on Wednesday.

The bonds were offered for five tenures - five years, seven years, 15 years and 20 years - with VND1 trillion in each term, and the 30-year term valued at VND2 trillion.

Bonds worth a total of VND3 trillion for five, 15 and 20 years got sold out at lower interest rates compared to the previous sessions, with winning yields of between 5.1 per cent and 7.36 per cent per year.

For seven-year bonds, only VND610 billion of VND1 trillion was raised, with a winning yield of 5.43 per cent, a similar rate to the previous sale on April 5.

The 30-year bonds did well, collecting VND2 trillion at 7.79 per cent interest per year, six basic points lower compared to the session held on April 5.

A total of VND1.2 trillion was raised in the sub-session sales for the three terms of 15, 20 and 30 years.

The state treasury has mobilised around VND68.3 trillion since the beginning of this year. In 2017, it plans to issue Government bonds of VND 183.3 trillion. — VNS