State Treasury sells $288.3 million worth of G-bonds

The State Treasury of Viet Nam sold another VND6.1 trillion (US$288.3 million) worth of Government bonds on March 12.

A week ago, the treasury had offloaded $288.6 million worth of bonds, said G-bond auction organiser, the Hanoi Stock Exchange (HNX).

HNX said of the total VND8 trillion ($375.58 million) worth of bonds offered by the treasury on March 12, VND4 trillion ($187.7million) were denominated in five-year term bonds, VND 2 trillion ($93.9 million) in 10-year term bonds and VND2 trillion ($93.9 million) in 15-year term bonds.

Following the auction, the treasury offloaded more than half or VND2.1 trillion ($98.5 million) of the five-year bonds at a coupon rate of 5.32 per cent per year, said HNX.

Meanwhile, it has sold out all the long-term bonds offered. The 10-year term bonds were sold at a coupon rate of 6.35 per cent per year and the 15-year term bonds were sold at a coupon rate of 7.25 per cent per year.

After having conducted eight auctions since early 2015, the treasury has mobilised over VND52.6 trillion ($2.469 billion) in G-bonds.

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