VND 3 trillion raised through VDB's Bond issuance

18/01/2014 08:01

On 17th January 2014, the Vietnam Development Bank successfully mobilized VND 3 trillion of Government back bonds through auction held by the Hanoi Stock Exchange (HNX).

In the auction, the VDB planned to sell VND 3.1trillion worth of government backed bond distributed at VND 1.500 trillion, VND 700, VND 800 billion, VND 100 billion for tenors of 2 years, 3  years, 5 years and 10 years respectively.

The 2 - years bond attracted six bidders with valid bidding volume of VND 5.080 billion seeking yields of 7.85%- 8.10 % / year. VND 1.500 billion worth of bonds were sold at 7.95% / year, 0,14% /year lower than the last session (January 10th, 2014).

 Three participants registered for 3-year bond with a valid bidding volume reaching VND 1.200 billion at yields varying from 8.14% to 8.65%. In which, VND 700 billion worth of bonds were awarded at 8.35%, 0.05% higher than the last auction.

Five entities has bid for 5 – years bond with the valid bidding volume of VND1.432,825 trillion and the registered rate ranging from 8.99% - 9.45%. As a result, VND 800 billion of 5 years bond was raised with the yield of 9.2%, 0.09% lower than the last auction (January 10th, 2014).

There were no successful bidders for the 10-year bond./.

 



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