HANOI: Vietnam's Hanoi Stock Exchange said it would auction a combined 6.1 trillion dong ($293 million) of bonds this week to be issued by the government and state-owned policy lenders.
The State Treasury would sell three-year and five-year bonds on Thursday, each worth 1 trillion dong, the exchange said in a statement issued late on Tuesday.
The debt would be issued on Oct. 3, the statement said.
The Vietnam Bank for Social Policies will sell three-year and five-year bonds on Friday, each to raise 300 billion dong.
Also on Friday the Vietnam Development Bank will offer three-year bonds worth 1 trillion dong and five-year bonds worth 2.5 trillion dong, the exchange said.
At the last auction on Sept. 22, the State Treasury sold 900 billion dong of three-year bonds at a yield of 12.05 percent and 350 billion dong of five-year debt at a yield of 12.10 percent.
On Sept. 16, the Vietnam Bank for Social Policies raised 25 billion dong via five-year bonds at a yield of 12 percent.
The Vietnam Development Bank's last bond auction was on June 10, when it sold five-year bonds worth 1.82 trillion dong at a yield of 12.7 percent and 10-year bonds with a yield of 12 percent, exchange data showed.
Both of the banks are fully state-owned, and proceeds raised from their bond auctions go to major state projects to build infrastructure such as roads and bridges, support students and help alleviate poverty.
Their bonds are guaranteed by the government.
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