Vietnam State Treasury successfully raised VND5.47trillion worth of government bond in an auction of 3-year, 5-year and 10-year bonds held on October 14, the state-run online newspaper VnEconomy reported today, citing data from the Hanoi stock market
Vietnam State Treasury successfully raised VND5.47trillion worth of government bond out of an offer of VND6trillion in an auction of 3-year, 5-year and 10-year bonds held on October 14, the state-run online newspaper VnEconomy reported today, citing data from the Hanoi stock market (HNX).
Of the total, the State Treasury offered VND2.5trillion for 3-year bonds, VND2.5trillion for 5-year bonds and VND1trillion for 10-year bonds, the VnEconomy reported, adding that the Treasury plans to issue the bonds on October 18 at the face value of VND100,000 each.
HNX’s data showed 3-year and 5-year bonds were oversubscribed, in which with subscribed values of 5-year bonds almost doubled the value called for bid.
Meanwhile, those for 10-year bonds were undersubscribed with only VND900billion out of an offer of VND1trillion.
The bid saw a slight reduction in government debt yields. Fixings for 3-year government bond yields fell to 9.65% p.a. from 9.68% p.a. on October 7, the 5-year debt yields edged down to 10.29% p.a. from 10.3% p.a., while those for 10-year term held at 10.8%p.a.
In the last auction on October 7, the State Treasury successfully raised VND3.965trillion out of VND6trillion worth of bonds offered for three-year, five-year and ten-year terms.
The government plans to sell bonds worth VND66trillion this year, up 22% from the estimated proceeds raised in 2009.
| Terms | No. of Bidders | Offered value(VNDtrillion) | Subscribed value(VNDtrillion) | Winning yield (%) | Winning value(VNDtrillion) |
| 3-year | 13 | 2.5 | 2.985 | 9.65 | 2.135 |
| 5-year | 15 | 2.5 | 4.785 | 10.29 | 2.485 |
| 10-year | 4 | 1 | 0.9 | 10.8 | 0.85 |
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