10:58:26 AM | 6/21/2013
The Hanoi Stock Exchange (HNX) recently hosted an auction to sell government-guaranteed bonds issued by the Vietnam Bank for Social Policies (VBSP). The auction call offered to sell VND1,000 billion of bonds, including VND500 billion with a 3-year maturity and VND500 billion with a 5-year maturity.
Three bidders placed orders with an eligible value of VND1,300 billion to buy 3-year bonds, with a bid coupon rate ranging from 7.50 percent to 8.15 percent per annum. As a result, VND500 billion of 3-year bonds were sold, bearing a coupon rate of 7.50 percent per annum (0.65 percent lower than the winning coupon rate in the previous session).
Only one bidder asked for 5-year bonds at the ask coupon rate of 9.00 percent per annum. The bid was rejected as the bid rate exceeded the ceiling rate.
VBSP has raised VND5,230 billion worth of bonds in the year to date.
Vietnamese
