Vietnam to Auction US$18.8Mln Govvât Bonds February 26
Vietnam’s State Treasury will sell VND300 billion (US$18.8 million) worth of government bonds via an auction at the Hanoi Securities Trading Center (HASTC) on February 26, the center said in a statement.
The bonds, which have maturity of five years, will be issued two days later under the form of book entry. The coupon will be paid annually.
After issued, the bonds will be listed on the HASTC. This will be the fourth government bond issue in 2007.
The State Treasury has raised total VND1.3 trillion (US$81.3 million) in first three issues of five-year government bonds. The interest rates were reduced from 7.9 per cent to 7.7 per cent and then 7.62 per cent.
The treasury plans to issue more than VND12 trillion (US$750 million) of government bonds in the first quarter of 2007, to raise capital for state budget and investment projects in 2007. (Vietnam and World Economy)
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