VDB Sells VND2,337 Billion G-Bonds

The Hanoi Stock Exchange (HNX) recently held a bidding session to sell government bonds issued by the Vietnam Development Bank (VDB). The auction was expected to raise VND4,500 billion from selling bonds with three terms: 2 years (VND2,000 billion, 3 years (VND1,500 billion), and 5 years (VND1,000 billion).

 

The 2-year bond had five bidders asking for VND3,560 billion. The coupon rate ranged from 8.73 percent to 9.00 percent per annum. As a result, the entire offering value of 2-year bonds (VND2,000 billion) bearing a coupon rate of 8.80 percent per annum (equal to the previous session) was sold. The 3-year bond had three bidders asking for VND960 billion. The coupon rate ranged from 9 percent to 9.4 percent per annum. VBD successfully raised VND320 billion from this tranche, bearing a coupon rate of 9 percent per annum (equal to the previous session).

 

The 5-year bond had only one bidder asking for VND17 billion with the offered coupon rate of 9.25 percent per annum. Although the value was small, the coupon rate was 0.15 percent lower than the previous version.

 

With VND2,337 billion this session, VDB has raised VND15,522 billion from selling guaranteed g-bonds this year.