State Treasury fails to sell 10-year coupons

The State Treasury of Viet Nam could only offload less than a third of Government bonds offered for sale on March 25.

G-bond organiser Ha Noi Stock Exchange said the treasury had offered VND3.5 trillion (US$164.3 million) worth of 10-year and 15-year bonds.

After the auction, the treasury sold VND969 billion ($45.4 million) of the total VND2 trillion ($93.8 million) of 15-year term bonds it had offered. The coupon rate was of 7.35 per cent per year.

The treasury also offered VND1.5 trillion ($70.4 million) in 10-year term bonds for sale on the same day, but no coupons were sold.

This is the first time since early this year that the treasury was unable to sell its 10 year-term bonds.

The treasury has mobilised nearly VND60 trillion ($2.8 billion) from the sale of G-bonds so far this year.

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