G-Bonds Put for Auction on HNX

The Hanoi Stock Exchange (HNX) said it will auctioneer VND8,550 billion worth of government bonds issued by the State Treasury and the Vietnam Bank for Social Policies on June 30 and July 1, 2011.

 

On June 30, the State Treasury of Vietnam will issue VND7,000 billion of bonds, including VND2,500 billion for two-year term, VND2,500 billion for three-year term and VND2,000 billion for five-year term, with respective maturity dates falling on July 4, 2013, July 4, 2014 and July 4, 2016.

 

On July 1, HNX will host an auction to sell VND1,550 billion of government-guaranteed bonds issued by the Vietnam Bank for Social Policies, including VND550 billion of bonds with three-year term and VND1,000 billion of bonds with five-year term. Respective maturity dates will fall on July 5, 2014 and July 5, 2016.

 

The bidding is based on rate-competitive principle. Yields are paid annually.