$69m raised from selling Government bonds

The State Treasury of Viet Nam raised VND 1.54 trillion (US$70 million) from the sale of Government bonds at an auction held on June 4.

The Ha Noi Stock Exchange (HNX) held the auction to sell VND2.5 trillion ($115 million) worth of Government bonds.

Of the total bonds sold during the auction, VND1.5 trillion ($69 million) was raised through the sale of 15-year bonds offering an annual rate of 7.6 per cent, and the remaining was raised from five-year bonds sold at the annual rate of 5.45 per cent.

The available annual rates are 5.45-7 per cent and 7.5-8.5 per cent per year for five-year and 15-year bonds, respectively.

The State Treasury is seeking to raise VND250 trillion (US$11.68 billion) by issuing five-year Government bonds this year, down 4.6 per cent from a year ago, according to the Ministry of Finance.

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