State Treasury to issue G-bonds in Q1

Monday, Jan 12, 2015 16:30

VN raises VND234 trillion($11 billion) from government bonds in 2014, an increase of 30 per cent compared with 2013.— Photo

HA NOI (Biz Hub) — The State Treasury of Viet Nam plans to issue bonds worth VND70 trillion (US$3.28 billion) in the first quarter of 2015, said the treasury in January.

The bonds will be mobilised to meet the capital demand of the State Budget and the local development investment in Q1.

The State Treasury said that it will mobilise VND55 trillion ($2.58 billion) in five-year bonds, VND10 trillion ($469.4 million) in ten-year bonds and VND5 trillion ($234.7 million) in 15-year bonds.

Last December, the finance ministry announced that Viet Nam raised nearly VND290 trillion (US$13.5 billion) from bond sales in 2014, equivalent to 7.27 per cent of the country's gross domestic product (GDP) in the same year.

Of the total, more than VND234 trillion ($11 billion) were raised from government bonds (G-bond), an increase of 30 per cent compared with 2013, and 3.5 times higher than in 2010. — VNS

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