HNX offloads fewer G-bonds in May

Wednesday, Jun 03, 2015 15:22

The total value of bonds sold in May is less than half of the G-bonds sold in April. — Photo

HA NOI (Biz Hub) — Ha Noi Stock Exchange (HNX) sold VND3.818 trillion (US$175.1 million) worth of government bonds in 24 auctions in May.

The exchange said the total value of bonds sold in May was less than half of the G-bonds sold in April.

The State Treasury of Viet Nam offloaded bonds worth VND3.408 trillion ($156.3 million), and the Vietnam Bank for Social Policies sold bonds worth VND410 billion ($18 million) during the sale.

HNX said compared to April, the trading volume of G-bonds sold in the primary market in May fell by 55.2 per cent. The trading volume of bonds sold in April was already 50.9 per cent less than that in March, HNX said.

The coupon rate of five-year bonds was 5.40 per cent per year, 0.08 per cent lower than the rate in April. The coupon rate of 15-year bonds was between 7.52 and 7.70 per cent per year, an increase of 0.28 per cent over April.

Meanwhile, in the secondary market, the total volume of outright trading in May amounted to 537 million bonds, worth VND57 trillion ($2.6 billion). Compared to April, it was an increase of 11.5 per cent.

The trading volume through repurchase agreements (repos) was 240 million bonds, equivalent to VND34 trillion ($1.559 billion), an increase of 23.2 per cent over April.

The repos of government-backed bonds constituted VND7.2 trillion ($330 million) of the total. Foreign investors made outright trading, worth VND9.3 trillion ($426.6 million) in purchase value and VND7.8 trillion ($357.7 million) in sales value. Foreign investors also made repo buying of VND727 billion ($33.3 million) and had no repos selling in May. — VNS

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