State Treasury offloads government bonds worth $334.4 million

Saturday, Apr 16, 2016 13:12

The State Treasury of Việt Nam sold VND7.467 trillion (US$334.4 million) worth of government bonds on April 13. Photo hanoimoi.com.vn

HÀ NỘI (Biz Hub) — The State Treasury of Việt Nam sold VND7.467 trillion (US$334.4 million) in government bonds on April 13, auction organiser Hà Nội Stock Exchange said.

In the transaction, the treasury offered bonds worth VND9 trillion, made up of three-year bonds worth VND3 trillion, five-year bonds worth VND4 trillion, 10-year bonds worth VND1 trillion and 15-year bonds worth VND1 trillion.

Of these, only the three-year bonds sold out. The treasury decided to issue more three-year bonds and earned an additional VND900 billion.

At the end of the auction, the treasury had three-year bonds worth VND3 trillion with a coupon rate of 5.55 per cent per year, five-year bonds worth VND2.02 trillion with a coupon rate of 6.4per cent per year, 10-year bonds worth VND303 billion with a coupon rate of 6.94 per cent per year and 15-year bonds worth VND1 trillion with a coupon rate of 7.65 per cent per year.

The State Treasury has earned VND87.13 trillion from treasury bonds since early this year. —VNS

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