The Vietnam Development Bank (VDB) has raised VND 1.250 billion worth of Government backed bonds through an auction held by the Hanoi Stock Exchange on February, 17th 2014.

The auction had a total bid call volume of VND 1.250 billion (VND 700 billion for term of two years and VND 550 billion for term of 5 years).

Three year G-Bond has attracted six participants with valid bidding amount up to VND 2.850 billion and registered coupon rate of 7.73% to 8.40%/year. As a result, VND 700 billion of 3-year bond were sold at the winning rate of 7.75% / year, 0.06% lower than the last auction (January,24th 2014).

The 5-year bond attracted four bidders with valid bidding volume of  VND 1.750 billion at yields varying from 8.85% - 9.20%/year. At the end, VND 550 billion worth of bonds was mobilized at the yield of 9.00%/year, 0.20% lower than the last auction (January, 24th 2014).

For the last five auction sessions of 2014, VDB has mobilized VDN 9.987 billion worth of G-bond./.