HNX auctions three-year State bonds

Friday, Dec 05, 2014 15:45

Ha Noi Stock Exchange employees check documents at an bond auction. — Photo

HA NOI (Biz Hub) ─ The Ha Noi Stock Exchange (HNX) on December 12 auctioned VND2-trillion (US$95.24 million) worth of three-year government bonds, which were issued by the State Treasury.

According to news website, the interest rate at which the bonds were auctioned was five per cent per year, 0.4 percentage point higher than the level recorded in a previous bidding session on November 6.

On the same day, the State Treasury raised VND650 billion ($30.95 million) from the total VND1-trillion ($47.62 million) worth of five-year bonds that were issued. The winning bid's rate was 5.58 per cent per year, 0.55 percentage point higher than the previous rate in the November 20 session.

No bids won another VND1-trillion worth of 10-year bonds.

The State Treasury has mobilised more than VND192.85 trillion ($96.43 billion) from government bonds this year. It has revised the issuance quota for these bonds to VND262 trillion ($12.48 billion) for 2014, from the target set in August at VND232 trillion ($11.05 billion). ─ VNS

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