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State Treasury raises over VNĐ65.8 trillion from G-bonds

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The State Treasury of Việt Nam has mobilised over VNĐ65.8 trillion (US$2.89 billion) via Government bond (G-bond) auctions at the Hà Nội Stock Exchange (HNX) since the beginning of 2018.

From mid-April till date, the interest rates of different terms of G-bonds have continued to increase. — Photo vneconomy.vn

 

From mid-April till date, the interest rates of different terms of G-bonds have continued to increase. Most recently, an auction at HNX on Tuesday raised VNĐ4.2 trillion worth of G-bonds. 

As much as VNĐ2.1 trillion were mobilised from 10-year bonds with an annual interest rate of 4.32 per cent, up by 0.02 per cent against the previous auction on June 6.

Bonds with 15-year and 20-year maturity terms raised VNĐ1.6 trillion and VNĐ500 billion, with annual interest rates of 4.65 per cent and 5.18 per cent, respectively, both up by 0.02 per cent from the previous auction on June 6. 

The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes against last year, thanks to an economic growth of more than 6.7 per cent and inflation of below four per cent. 

The value of G-bonds issued in 2018 is estimated at some VNĐ180 trillion, with the focus being on long-term maturity and keeping the interest rate at low levels. 

G-bonds worth VNĐ159.9 trillion with an average maturity of 13.52 years, up by 4.81 years against 2016, were issued last year.

The bonds had an average annual interest rate of some 6.07 per cent, down by 0.2 percentage points against 2016, according to the Ministry of Finance.

 

Source: VNS

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