Vietnamese government succeeds in raising 1tr dong worth of G-bond via tender

After two failures in government bond tender, the registered volume in the G-bond auction on October 27 for both two terms of 3-and 5-years was higher than the offered volume.
Hanoi Stock Exchange (HNX) has recently reported the auction results for one trillion dong worth of government bonds issued by the State Treasury held on October 27 via the northern bourse.

Accordingly, the successful ratio reached 50 percent with one trillion dong worth of successfully raised bonds.

Particularly, the government raised 700 billion dong for 3-year term bond at the winning coupon rate of 12.1 percent per annum (p.a.) and 300 billion dong for 5-year term bond at the wining coupon rate of 12.15 percent p.a. The successful coupon rate was equal to the winning coupon rate on September 29.

In the bond auction on October 27, the total offered volume was two trillion dong for two terms of 3-and 5-years worth one trillion dong each. The total registered volume for 3-year term bond reached 1.28 trillion dong and 1.45 trillion dong for 5-year bond.

Previously, in the first three sessions of this week, the State Bank of Vietnam (SBV) posted a net withdrawal of 7.166 trillion dong from a net injection of 18 trillion dong in the previous week via open market operations (OMO). – Source: Vietbiz24.com

Tags: Vietnam banking industry, Vietnam bonds, Vietnam finance, Vietnam financial

Posted by VBN on Oct 29 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry