Government fails to raise 500b dong worth of G-bond

Hanoi Stock Exchange (HNX) has announced the tender results of 500 billion dong worth of government-guaranteed bonds issued by Vietnam Expressway Development and Investment Corp (VEC).
Accordingly, there was only one member joining the tender with total registered amount of 100 billion dong and coupon rate at 14% per annum.

However, the successful coupon rate was only 12.4% p.a.

Thus, the government failed to sell 500 billion dong worth of G-bond.

Previously, in the first G-bonds tender in 2012, the State Treasury raised 1.88 trillion dong of the total offered volume of two trillion dong. The successful coupon rate was only 12.1-12.15% p.a. – Vietbiz24

Tags: Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Jan 20 2012. 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