The State Treasury sells $232 million in government bonds on July 13 in Ha Noi. — Photo nghenganhang.blogspot.com

HA NOI (Biz Hub) —  The State Treasury offloaded VND5.2 trillion (US$232 million) from VND6 trillion in government bonds on July 13, Ha Noi Stock Exchange (HNX), the auction organiser, said.

HNX said, although the Treasury offered only VND2 trillion in five-year bonds, 18 buyers had registered for more than VND9.6 trillion of the bonds. After the auction, they bought all the 5-year bonds with a coupon rate of 6.10 per cent per annum. The Treasury later sold another VND600 billion in five-year bonds in an extra session, with the same coupon rate.

Similarly, during the auction, the Treasury sold all the 15-year bonds, worth a total of VND1 trillion, offered at a coupon rate of 7.65 per cent per annum. Then, it sold another VND300 billion to meet the increasing demand, with the same coupon rate.

Of the total VND2 trillion in seven-year bonds offered, the Treasury sold bonds worth VND1.3 trillion at a coupon rate of 6.62 per cent per annum.

None of the 10-year bonds totaling VND1 trillion were bought at the auction, HNX said.

Since the beginning of 2016, the Treasury has successfully sold VND197 trillion in government bonds through HNX auctions, the bourse said. — VNS