State bonds auctioned at lower interest rates

Friday, Aug 08, 2014 15:25

The Ha Noi bourse has successfully auctioned $285 million worth of State bonds. — Illustrative Photo

HA NOI (Biz Hub) ─ The Ha Noi Stock Exchange successfully auctioned VND6 trillion, or US$285.71 million, worth of Government bonds on August 7.

Half of the amount was in five-year bonds and bid at an interest rate of 6.4 per cent per year, 0.28 percentage point lower than that of the previous session held on July 29.

The other half, in 10-year bonds, was bid at an annual interest rate of 8 per cent, 0.48 percentage point lower than the previous session's level.

The bonds were issued by the State Treasury. This agency has raised about VND145.65 trillion, or $6.94 billion, through Government bond auctions this year, according to the exchange. ─ VNS

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