Vietnam raises $619 million in government bond auction, bourse filing says
HANOI: Vietnam’s State Treasury raised 16 trillion dong ($619.39 million) in its weekly government bond auction on Wednesday, up from $371 million raised last week. Around 84% of the bonds on offer were sold, compared with 65% last week, according to a Hanoi Stock Exchange filing.
Vietnam's State Treasury successfully raised 16 trillion dong, equivalent to US$619.39 million, in its weekly government bond auction on Wednesday. This figure represents a significant increase from the US$371 million raised in the previous week. The auction, according to a filing with the Hanoi Stock Exchange, saw 84% of the bonds offered being sold, compared to the 65% sold last week.
The treasury managed to sell all eight trillion dong of five-year bonds and 10-year bonds on offer, with coupon rates of 4.27% and 4.43% respectively. However, they were unable to offload any of the combined two trillion dong of three-year, 15-year, and 30-year bonds that were up for sale. The government's target for bond sales this year is 500 trillion dong.
According to data from the bond market association, Vietnamese companies have raised a total of 466 trillion dong via bonds up to October 23. The total value of corporate bonds that will mature during the remainder of the year is 50.9 trillion dong.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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