In the auction, the VDB planned to sell VND3 trillion worth of government-backed bonds, distributed equally for tenors of 2 years and 3 years as well as VND500 billion bonds for 5-year and 10-year maturities each.— Photo vdb

HA NOI — The Vietnam Development Bank (VDB) on September 3 sold VND90 billion worth of government bonds out of VND4 trillion auctioned at the Hanoi Stock Exchange (HNX) at the yields of 8.3-9.1 per cent p.a., the bourse has said.

In the auction, the VDB planned to sell VND3 trillion worth of government-backed bonds, distributed equally for tenors of 2 years and 3 years as well as VND500 billion bonds for 5-year and 10-year maturities each.

The bid-to-cover ratios for 3-year and 5-year tenor were modestly 0.49 and 0.08, respectively.

Of the total, the VDB sold VND50 billion 3-year bonds and VND40 billion 5-year notes. The VDB failed to sell any 2-year and 10-year debts.

Corresponding fixings for 3- and 5- year bonds were 8.3 per cent and 9.1 per cent, unchanged from the previous auction on August 26.

Year to date, the VDB issued a combined VND24.147 trillion bonds via auctions. — StoxPlus