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G-bond issuance meets 70% of yearly plan

VNA/VOV

The State Treasury has mobilised nearly VND 174.2 trillion (around USD 7.5 billion at current exchange rate) through Government bond auctions on the Hanoi Stock Exchange (HNX), fulfilling 70% of the yearly plan.

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The latest auction this week brought in VND 4 trillion (USD 172.38 million), with all issued bonds sold.

The interest rates in successful bids rose slightly for 10- and 15-year bonds, but down for 20-year bonds compared to the previous auctions on 24 October.

A report of Military Bank Securities said abundant liquidity of the system and strong drops in inter-bank interests have pushed G-bond interest rate down to a 10-year low.

Meanwhile, demand for G-bonds on the primary market is high, reflected in the 100% of successful bidding in October, and the participation of 9 to 15 bidders in each auction.

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