Treasury raises $428 million through January bonds

Friday, Jan 23, 2015 16:15

The State Treasury plans to issue more than $3 billion worth of bonds in Q1/2015. — Photo

HA NOI (Biz Hub) — The State Treasury raised VND9 trillion (US$428.57 million) through the auction of five-year bonds in January, online newspaper Hai quan (Customs) reported.

It mobilised VND6 trillion at a strong interest rate of 5.9 per cent during the January 22 bid, 0.11 percentage point lower than the interest rate recorded during the January 15 session.

The agency said it plans to issue about VND70 trillion ($3.33 billion) worth of bonds in the first quarter of this year. Of this amount, VND55 trillion is expected to be in five-year bonds, VND10 trillion in 10-year bonds and VND5 trillion will be denominated in 15-year bonds.

Specific volumes of bonds may vary depending on market developments, it noted. — VNS

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