US$47 million in Gov’t bonds mobilised

The Hanoi Stock Exchange (HNX) on August 26 sold at auction US$47 million worth of government bonds out of a total US$100 million tendered during the second bidding session of 2009.

The two-year bonds, issued in USD by the State Treasury, will earn a low registered interest of 2.9 percent, and a high one of 4.5 percent per year. Each bond has a face value of US$100.

Six HNX members participated in the bidding session with a valid registered total of US$67 million.

During the first bidding session on August 24, the State Treasury mobilised US$100 million from government bonds.

On August 28, the HNX will hold a third bidding session for US$50 million worth of three-year bonds to be issued on September 1.

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