Vietnam Development Bank Sells 5 per cent of VND500 Bln G-bonds
The Vietnam Development Bank (VDB) sold VND28 billion (US$1.7 million) of five-year government bonds at annual coupon of 9.8 per cent in an auction at the Hanoi Securities Trading Center (HASTC) on November 28.
Two institutions registered to buy VND205 billion of 3-year bonds against the offer of VND200 billion, while three institutions sought to buy VND338 billion worth of 5-year bonds against the offer of VND300 billion.
However, the VDB’s ceiling interest rates were between 9.5 per cent and 9.8 per cent while bidders asked for rates of 9.8 per cent and 13.5 per cent.
In the auction November 14, VDB sold all VND500 billion of 3-and 5-year bonds, at the coupon of 10.74 per cent and 10.89 per cent per annum, respectively. (HASTC, Labor)
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