Government Bonds In Many Terms Hard To Sell

On April 3, the State Treasury issued a total of four trillion dong of government bonds, but mobilised only 1.55 trillion dong at the 15-year term.

The bidding session was organised by Hanoi Stock Exchange (HNX) with bonds in 5-year term (0.5 trillion dong), 10-year term (1.5 trillion dong), 15-year term (1.5 trillion dong), and 20-year term (0.5 trillion dong). The auction only mobilised 1.55 trillion dong.

Specifically, there were five members participating in the auction of 15-year bonds and it mobilised 1.05 trillion dong with winning interest rate of 5.06 percent per year, equal to the previous winning rate on March 27, 2019.

Besides, the subcontracting session of 15-year bonds called for 750 billion dong and had one participant, resulting in the mobilisation of 500 billion dong with the same interest rate.

On the contrary, 5-year, 10-year, and 20-year bonds had no winning interest rates.

According to statistics from the HNX, from the beginning of the year, the State Treasury has mobilised 64.8185 trillion dong by issuing government bonds through bidding.

 

Category: Finance, Vietnam

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