G-bond issuance meets 70% of yearly plan
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.
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.