HANOI: The Vietnam Bank for Social Policies, one of Vietnam's two state policy lenders, will offer 1.2 trillion dong ($57.12 million) in government-guaranteed bonds at an auction at the Hanoi Stock Exchange on Friday, the exchange said on Tuesday.
The bank will sell 500 billion dong of three-year bonds and 700 billion dong of five-year bonds, the exchange said in a statement.
In the previous auction on Nov. 4, the lender failed for the third time in a row to sell any bonds because there were no bids.
The last time the bank was successful in selling a bond was on Sept. 16 when it sold 25 billion dong of five-year debt at a yield of 12 percent, the exchange has said.
The bank raised 9.3 trillion dong ($442.86 million) through debt in the first 10 months of this year, up sharply from 350 billion dong in the same period in 2010, the exchange's data showed.