Almost $1 billion worth of G-bonds auctioned in August

Friday, Sep 04, 2020 08:57

As of August 31, Government bonds worth over VND1.23 quadrillion were listed on the HNX. — Photo cafef.vn
The State Treasury mobilised VND22.85 trillion (US$992.1 million) worth of Government bonds via 16 auctions on the Ha Noi Stock Exchange in August, down 61 per cent from the previous month.

Up to 76.1 per cent of bidders won and interest rates of bonds increased on 10-year and 15-year terms, with the increase ranging from 0.06-0.1 per cent a year.

On the secondary G-bond market, average trading volume reached VND8.38 trillion per auction, down 18.2 per cent month-on-month. Transacted volumes through repurchasing agreements (repos) accounted for 37.38 per cent of the total trading volume.

Total outright purchases of G-bonds in the month topped 1 billion valued at more than VND110 trillion, down 30 per cent in value month-on-month.

The total volume via repos exceeded 589 million bonds, or more than VND65.8 trillion, down 14.2 per cent from the previous month.

Foreign investors made outright purchases of more than VND2.9 trillion, outright sales of more than VND3.4 trillion, and repos sales of over VND601 billion.

As of August 31, Government bonds worth some VND1.23 quadrillion were listed on the HNX. — VNS

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