The Ha Noi Stock Exchange held 11 auctions of government bonds (G-bonds) in March, mobilising more than VND11 trillion (US$482.9 million) for the State budget.

The total sum was 10 per cent more than the amount mobilised in the previous month.

Successful bidders of five-year bonds will enjoy an interest rate of between 2.93 per cent and 2.97 per cent per year, seven-year bonds 3.4 per cent, and 15-year bonds 4.4 per cent. The winning interest rate for 20-year bonds is 5.1 per cent, while those for 30-year bonds range from 5.39 per cent to 5.42 per cent per year.

Compared with February, the coupon rates of five- and 15-year bonds declined 0.08 per cent and 0.12 per cent per annum, respectively.

In the G-bond secondary market, the total volume of G-bonds sold by the outright method exceeded 1 billion, worth more than VND122 trillion ($5.35 billion), up 65 per cent in value from February.

Meanwhile, the trading volume through repurchase agreements (repos) reached more than 1.42 billion bonds, worth more than VND148.8 trillion ($6.53 billion), up 77.5 per cent in value month on month.

Foreign investors also made outright purchases worth more than VND7.7 trillion ($338 million) and outright sales of more than VND7.2 trillion ($316 million). They made repo sales of more than VND346 billion ($15.19 million) but did not make repo buys in March. — VNS