Government bonds worth over VND5.86 trillion (US$262.77 million), issued by the State Treasury, were sold at an auction at the Hanoi Stock Exchange (HNX) on May 24.

The sale included VND1.5 trillion ($66.13 million) worth of five-year bonds with interest rate of 5.03 per cent per annum, 0.13 per cent lower than bonds of the same term sold at the previous auction on May 17.

Similarly, VND1.95 trillion ($85.97 million) worth of seven-year bonds sold at the auction had an interest rate of 5.35 per cent, 0.09 per cent per lower than those sold during the May 17 session.

Meanwhile, the 20-year bonds that were sold, worth a total VND1.3 trillion ($57.3 million) bore an interest rate of seven per cent per annum, 0.09 per cent lower than the successful bid at the previous session on May 10.

Successful bids for 30-year bonds worth VND1.1 billion ($49.16 million) pushed the interest rate to 7.55 per cent per annum, 0.09 per cent lower than those sold during the May 10 session.

Since early this year, the State Treasury has mobilised more than VND97.5 billion ($4.3 billion) from the auction of G-bonds on the HNX. — VNS