State treasury raises VND5.9 trillion from government bonds

The State treasury has successfully raised VND5.9 trillion (US$260 million) for the State budget through an auction of Government bonds on the Ha Noi Stock Exchange (HNX) on Thursday.

The bonds were offered for four tenures: five years and seven years, with VND2 trillion for each term; and 10 years and 15 years, valued at VND1 trillion.

The five-year bonds brought in only VND1.343 trillion with a winning yield of 5.05 per cent, up two basic points compared to the previous sale on May 24.

The seven-year and 10-year bonds sold for a total value of VND3 trillion, at lower interest rates compared to the previous sessions, with winning yields of between 5.34 per cent and 5.91 per cent per year.

The 15-year bonds raised VND950 billion, with a winning yield of 6.64 per cent, which is six basic points lower compared to the session held on May 17.

A total of VND600 billion was raised in the sub-session sales for the 10-year and 15-year terms.

Since early this year, the State treasury has been selling Government bonds. So far it has sold bonds worth around VND103.4 trillion through auctions at HNX.

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