State sells all short-term bonds

The state treasury offloaded all three-year bonds, worth VND7 trillion (US$311.11 million), but sold only two per cent of the 10-year bonds on November 18, the Hanoi Stock Exchange said.

HNX, the government bond auction organiser, said at the morning auction, bonds worth VND6 trillion ($266.66 million) were sold at a coupon rate of 5.9 per cent per year. Then they offered more three-year bonds worth VND1 trillion ($44.44 million), which were all sold at the same coupon rate.

HNX said the treasury had offered three-year bonds for the first time this year.

Meanwhile, the auction of 10-year-bonds, worth VND500 billion ($22.22 million), did not attract many participants.

The bids were worth VND30 billion ($1.33 million). But at the end of the auction, bonds worth only VND10 billion ($444,444), or two per cent of the total, were bought at a coupon rate of 6.95 per cent per year.

The treasury has earned VND127.447.11 trillion ($5.66 billion) by selling government bonds so far this year.

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