VDB sells $26.6m of G-bonds

The Viet Nam Development Bank sold VND600 billion (US$26.6 million) worth of Government-guaranteed bonds (G-bonds) on December 21.

According to the G-bond auction organiser, the Ha Noi Stock Exchange, the bank offered VND850.7 billion ($37.7 million) of three-year, five-year and 15-year bonds.

After the auction, it sold all VND400 billion ($17.7 million) of the three-year bonds offered at a coupon rate of 6.4 per cent per year.

Of the total VND300 billion five-year bonds offered, the bank sold VND200 billion ($8.9 million) at a coupon rate of 7.35 per cent per year.

HNX said there was no investor demand for 15-year bonds, thus the entire VND150.7 billion ($6.68 million) of bonds of this type was unsold after the auction.

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