State bond auctions reach $1.52 billion in December

Monday, Jan 05, 2015 16:39

The Ha Noi bourse auctioned $1.52 billion worth of government bonds last December. — Photo hanoimoi.com.vn

HA NOI (Biz Hub) — The Ha Noi Stock Exchange auctioned some VND31.9 trillion (US$1.52 billion) worth of government bonds in December, nearly quadrupling the amount sold in November, according to VnEconomy online.

Of this amount, the State Treasury raised VND18.792 trillion ($894.86 million), the Viet Nam Bank for Social Policies mobilised VND200 billion ($9.52 million) and the Bank for Investment and Development of Viet Nam secured VND12.996 trillion ($618.86 million).

The winning interest rates for December bids were 5 to 6.20 per cent for three-year bonds, 5.85 to 7 per cent for five-year bonds, 6.40 per cent for 10-year bonds, and 7.80 to 8.10 per cent for 15-year bonds.

On the secondary market, more than 862 million bonds changed hands in direct transactions during the month, their total trading value pegged at over VND95.6 trillion ($4.55 billion). Foreign investors' buys touched VND6.4 trillion ($304.76 million), while their sells totalled VND11.2 trillion ($533.33 million).

About 344 million bonds were traded through repurchase agreements, with a combined value of more than VND35.8 trillion ($1.70 billion). The buying and selling values for foreign investors were VND1.6 trillion ($76.19 million) and VND57 billion ($2.71 million) respectively. — VNS

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