Vietnam raises $116 million in government bond auction

HANOI: Vietnam’s State Treasury raised 3 trillion dong ($116 million) in its weekly government bond auction on Wednesday, up from $105 million raised last week.

The uptake was also higher, with 23% of the bonds on offer sold, compared with 20% last week, according to a Hanoi Stock Exchange filing.

The treasury sold 1 trillion dong out of 4 trillion dong of 5-year bonds on offer, at a coupon of 4.18%.

It sold 1.84 trillion dong out of 7 trillion dong of 10-year bonds on offer, at a coupon of 4.35%. It sold 175 billion dong out of 1 trillion dong of 15-year bonds on offer, at a coupon of 4.50%.

It sold 30 billion dong out of 500 billion dong of 30-year bonds on offer, at a coupon of 4.59%.

It failed to sell any of the 500 billion dong of 3-year bonds on offer.

The government aims to raise 500 trillion dong from bond sales this year.

So far it has raised over 177 trillion dong. Vietnamese companies have raised 265 trillion dong via bonds this year up to July 10, according to bond market association data.

The total value of corporate bonds maturing during the remainder of this year is 113 trillion dong. ‑Reuters