The State Treasury of Viet Nam sells a small amount of Government bonds on Sep 23. - Photo cafef.vn

HA NOI (Biz Hub) — The State Treasury of Viet Nam could only sell 11 per cent of the total Government bonds worth VND3 trillion (US$133.3 million) auctioned on September 23.

Government bond organiser, Hà Nội Stock Exchange said the treasury offered VND2 trillion ($88.8 million) of five-year bonds and VND 1 trillion ($44.4 million) of ten-year bonds.

After the auction, it sold VND350 billion ($15.55 million) of the five-year bonds at the coupon rate of 6.6 per cent per year, 0.15 per cent higher than the coupon rate auction on September 10.

None of the ten-year bonds was traded, HNX said.

In the previous trading sessions, volumes of government bonds sold during auctions had fallen sharply following the central bank's move to devalue the dong.

The treasury planned to sell VND250 trillion ($11.11 billion) worth of bonds this year. From the beginning of 2015 it sold VND96.47 trillion ($4.28 billion) of bond, or 38.5 per cent of the year plan. — VNS