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State treasury offloads more than $409 million of G-bonds in January
The Ha Noi Securities Exchange (HNX) announced it helped sell nearly VND9.53 trillion (US$409.5 million) of G-bonds in 12 bidding sessions in January.
The exchange said compared to the previous month, the value was down 15.3 per cent.
HNX said 79.4 per cent of bonds issued by the State Treasury were sold at lower interest, with reductions of between 0.6 to 1.71 percentage point per annum for each term. Of which, the interest rates for the 7-year term fell the most at 1.71 per cent per annum.
According to HNX, the bidding volume in January was 3.9 times higher than the bidding volume the previous month.
On the secondary bond market, the average trading value per session reached more than VND9.4 trillion per session, down 0.08 per cent compared to the previous month. The value of transactions through repurchase agreements (repos) reached 39 per cent of the total trading value of the whole market, down 13.3 per cent from the previous month.
Accordingly, the total trading volume of Government bonds by the ordinary trading method (outright) reached more than 833 million bonds, equivalent to the trading value of more than VND98 trillion, down 10 per cent compared to the previous month.
The total volume of Government bond repo transactions reached more than 565 million bonds worth more than VND62.6 trillion, down 30 per cent compared to the previous month.
Foreign investors buying outright reached more than VND4.3 trillion and selling outright reached more than VND3.6 trillion. No repos of foreign investors were reported. In January, foreign investors net bought VND700 billion of G-bonds.
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