VDB sucessfully mobilized VND 2.350 trillion G-bonds

19/12/2014 12:12

The Vietnam Development Bank (VDB) raised VND 2.350 trillion worth of Government backed bonds through auction held by the Hanoi Stock Exchange on December 17th, 2014.

The auction had a total bid call volume of five trillion VND with three terms, including 3-year bond (two trillion VND), 5-year (two trillion VND) and 10-year (one trillion VND).

The 3-year bonds attracted  six participants with valid bid volume of  VND1.800 trillion. The bidding yield varied from 5.6%-6,3%/ year. As a result, VND1.700 trillion of 3-year bonds were sold at the winning rate of 6.2%,  0.6% higher than the previous offer (December 12th, 2014).

The 5-year bonds attracted five bidders with valid bid volume of  VND750 billion . The bidding coupon rate was  from 6.48%-7.2%/ year. As a result, VND650 billion worth of 5-year bonds were mobilised at 7%/year, 0.55% higher than the previous session (December 12th, 2014).

Since the beginning of 2014, after eight auctions, VDB has raised  VND10.703 trillion worth of government backed  bonds./.



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