Vietnam to auction 7.8 trillion dong bonds this week

Monday, 06 February 2012 11:42

HANOI: Vietnam's Hanoi stock exchange will hold three auctions this week to sell bonds worth a combined 7.8 trillion dong ($373.2 million) for two policy lending banks and Vietnam Expressway Corp, the exchange said.

The Vietnam Development Bank will sell three-year and five-year government-guaranteed bonds, each to raise 2 trillion dong on Wednesday, while the Vietnam Bank for Social Policies will offer debt on Friday of similar terms to mobilise 1 trillion dong and 2 trillion dong, respectively, according to statements seen by Reuters said.

Meanwhile, the state-owned corporation will sell five-year and 10-year paper, each to raise 300 billion dong, and 200 billion dong via three-year debt on Tuesday, the statements added.

Late last year, Vietnam said it expected to raise about 25 trillion dong ($1.19 billion) from selling government debt in the first quarter of this year.