Vietnam to auction 5tn dong bonds this week

HANOI: Vietnam's Hanoi stock exchange will hold two auctions this week to sell bonds worth a combined 5 trillion dong for the State Treasury and a policy lending bank, the exchange said.

The State Treasury would sell three-year and five-year bonds on Thursday, each to raise 1.5 trillion dong, while the Vietnam Bank for Social Policies would also offer debts on Friday of similar terms, each to raise 1 trillion dong, two statements released late on Monday said.

At the last auction on Aug. 18, the treasury sold 1 trillion dong worth of three-year bonds at a yield of 12.39 percent and another 1 trillion dong of five-year bonds at a yield of 12.48 percent.

The state lender failed to sell any of its bonds to raise 1.5 trillion dong at its last auction on Aug. 12 as bidders sought yields above the bank's ceiling rate, the exchange has said.

Copyright Reuters, 2011