VBSP raises VND500 billion from g-bond sale, yield up

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The Vietnam Bank for Social Policies (VBSP), in an auction on July 4, sold out VND500 billion 3-year government-backed bonds at the yield of 8% p.a., up 0.4% from the previous auction on June 21.

The VBSP has mobilized VND5.93 trillion through the sale of government-backed bonds. — dddn. Photo

HA NOI — The Vietnam Bank for Social Policies (VBSP), in an auction on July 4, sold out VND500 billion 3-year government-backed bonds at the yield of 8% p.a., up 0.4% from the previous auction on June 21.

 

The bid to cover ratio was exactly 1, including two bidders registering for VND500 billion 3-year notes seeking for yields of between 7.8% and 8.3%.

In the auction, the VBSP planned to sell VND1 trillion worth of government-backed bonds, distributed equally for 3- and 5-year tenors.

However, the VBSP failed to issue any 5-year debts, as there was no bidder for the long-term notes.

Year to date, the VBSP has mobilized in total VND5.93 trillion through the sale of government-backed bonds. — StoxPlus



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