Vietnam sells $282 mln worth of govt bonds

Vietnam's State Treasury raised VND5.88 trillion ($282 million) selling government bonds of different tenors on Friday, the Hanoi Stock Exchange said.

The Treasury had intended to raise VND6 trillion from two-year, five-year and 10-year bonds with VND2 trillion for each maturity, and another VND1 trillion from three-year debt.

It managed to sell VND2 trillion of two-year bonds at the ceiling rate of 11 percent set by the Finance Ministry and VND1 trillion worth at 10.9 percent, the exchange said in a statement.

It also sold VND1.85 trillion of five-year debt at a yield of 11.2 percent and VND1.03 trillion of 10-year bonds at 11.5 percent, both ceiling rates, the statement said.

The government plans to sell bonds worth VND45 trillion this year. Last year its target was VND66 trillion.

tuoitrenews, Reuters

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