The State Treasury of Viet Nam plans to issue bonds worth VND65 trillion (US$2.8 billion) in the first quarter of 2017.

The State Treasury said it will mobilise VND3 trillion in three-year bonds, VND30 trillion in five-year bonds, VND10 trillion in seven-year bonds, VND8 trillion in 15-year bonds and VND6 trillion in 30-year bonds.

During the issuance process, the State Treasury may adjust the volume of bonds issued and their maturity dates in line with market conditions, the agency said.

The State Treasury plans to mobilise bonds worth a total of VND250 trillion this year, it said.

To improve the attractiveness of Government bonds, the Ministry of Finance said it will implement a pilot project of issuing floating rate G-bonds in the primary market from the second quarter of 2017.

In the secondary market, the bond derivatives market will be launched in the first quarter and settlement function will be transferred to the central bank, the ministry said. — VNS