Vietnam Bank Fails to Sell VND1T G-bonds
The state-run Vietnam Development Bank (VDB) was unable to sell any of the VND1 trillion (US$59.03 million) worth of government bonds offered at an auction on the Hanoi Stock Exchange on June 26.
The sum included VND500 billion worth of two-year and ten-year bonds.
Three bidders sought to buy VND300 billion worth of two-year bonds at a yield of at least 9 per cent, versus the ceiling rate of 8.7 per cent offered by the bank.
Two investors wanted to take VND58 billion in 10-year debts at an annual coupon of at least 9.4 per cent, higher than the offered rate of 9.2 per cent, the Hanoi exchange said in a statement.
The VDB has failed to sell any g-bonds since the beginning of this year. (
www.hnx.vn) )
Vietnamese
