Government bonds fetched higher interest rates for all maturity terms at the latest auction held on June 20 by the Hanoi Stock Exchange (HNX).
A total of 4.3 trillion VND (187.9 million USD) worth of bonds were sold at the transaction out of the 6 trillion VND (262.2 million USD) worth of bonds offered, including 100 billion VND (4.37 million USD) of five-year bonds with an annual interest rate of 3.1 percent, 0.1 percent higher than the interest rate fetched at the previous auction on May 23.
For the 10-year bonds, 2.4 trillion VND (104.88 million USD) was raised at an interest rate of 4.35 percent per annum, up 0.03 percent from the previous auction on June 13.
Meanwhile, 1.8 trillion VND (78.66 million USD) worth of 15-year bonds were sold at an interest rate of 4.68 percent per annum, up 0.03 percent from June 13.
No bonds of 7-year, 20-year and 30-year terms were sold at the auction.
According to the HNX, the State Treasury has raised 70.181 trillion VND (3 billion USD) from auctions of government bonds at the northern bourse.
The interest rates of government bonds have been on the rise lately, after a long period of decline throughout 2017 and the first four months of 2018.
The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes against last year thanks to the economic growth of more than 6.7 percent and inflation of below 4 percent.
The value of G-bonds issued in 2018 is estimated at some 180 trillion VND (7.92 billion USD), with the focus being on long-term maturity and keeping the interest rate at low levels.
https://en.vietnamplus.vn/gbonds-see-higher-interest-rates-at-latest-transaction/133271.vnp
