The State Treasury of Vietnam sold a combined VND1,100 billion worth of government bonds in an auction on August 29 at the yields of 7.3-8.9 per cent per annum, according to the Hanoi Stock Exchange (HNX).— Photo baohaiquan

HA NOI (Biz Hub) — The State Treasury of Vietnam sold a combined VND1,100 billion worth of government bonds in an auction on August 29 at the yields of 7.3-8.9 per cent per annum, according to the Hanoi Stock Exchange (HNX).

In the auction, the State Treasury planned to sell VND4 trillion worth of government bonds, distributed equally for 2-year, 3-year, 5-year and 10-year maturities.

The bid-to-cover ratios were 3.6, 1.34 and 1.0345, respectively for 2-, 3- and 10-year tenors. In details, there were 20 bidders registering for VND3.6 trillion 2-year bonds, seeking for yields of 7.3-8.6 per cent while 8 investors bid for VND1.34 trillion 3-year notes, asking for yields of 7.7-8.8 per cent. Besides, five investors sought to buy VND1.034.5 trillion 10-year debts, targeting yields of between 8.8-10 per cent.

Of the total, the State Treasury sold VND50 billion worth of 2-year bonds at 7.3 per cent and mobilised another VND50 billion from 3-year bond sale at 7.7 per cent. Fixings for 2- and 3-year notes were flat from the previous auction on August 22.

Meanwhile, the State Treasury sold out 10-year notes at 8.9 per cent, unchanged from the earlier auction on July 29.

No 5-year debts were sold in the auction.

The sales help to raise total funds mobilised from bonds by the State Treasury via the Hanoi exchange to VND101,413.57 billion year to date. — Stoxplus