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SBV offers T-bills worth $267.7m
The State Bank of Viet Nam (SBV) launched two sets of treasury bills worth VND6 trillion (US$267.7 million) on Feb 23.
The T-bills are government bonds issued by the finance ministry with terms of less than one year to assist in financing of the state budget, and are an important tool for the central bank to operate monetary policies.
The SBV said the bidding on the bills would be combined with competitive and non-competitive interest rates, with the bills with non-competitive interest rates not exceeding 30 per cent of the total bid volume.
The central bank plans to offer two types of bills in two sessions on February 23.
Accordingly, the first session will have bills worth VND3 trillion, with maturities of 26 weeks. Payment must be completed within the day, while the due date is August 23, 2016. The second session will see the issue of bills worth VND3 trillion with maturities of 39 weeks. Payment must be completed within the day, with November 22, 2016 being the due date.
The treasury under the finance ministry has issued VND20 trillion in T-bills in eight sessions so far this year. It has also offloaded government bonds worth nearly VND21.3 trillion so far this year through the Ha Noi Stock Exchange (HNX), the bond auction organiser.
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