VDB sells off Government-backed bonds

The Viet Nam Development Bank has raised VND5 trillion (US$238 million) in an auction of Government-guaranteed bonds, announced the Ha Noi Stock Exchange.

The winning rate was 12.09 per cent per year for VND2 trillion worth of three-year bonds, and 12.2 per cent per year for VND3 trillion worth of five-year bonds. All of the Government bonds on offer during the auction were sold.

This week, Ha Noi Stock Exchange will auction more than VND10 trillion ($476 million) worth of Government bonds, Government-backed bonds and bonds from the Viet Nam Expressway Corporation (VEC).

Last week the bank successfully auctioned VND4 trillion ($190 million) worth of Government bonds. The winning rate was 12.2 per cent per year for VND2 trillion worth of three-year bonds, and 12.25 per cent for VND2 trillion worth of five-year bonds.

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