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Nearly $ 21.3 million raised from Vietnam governmental bond auction

11:59 | 17/04/2020

The Vietnam State Treasury has just mobilised VND 500 billion (US $ 21.87 million ) through a Governmental bond auction on the Hanoi Stock Exchange (HNX) on April 15.

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nearly 213 million raised from vietnam governmental bond auction
Vietnam Government bond (Photo: Biz Live)

Some 3.5 trillion VND (US$148,875,647) worth of Government bonds were offered, including 10-year and 15-year bonds each valued at 1.5 trillion VND (US$63,729,726) and 30-year bonds valued at 500 billion VND (US$21,243,242).

The State Treasury raised 300 billion VND (US$12,743,264) worth of ten-year bonds with an annual average yield rate of 2.28 percent, up 0.1 percent from the previous auction on March 11.

Recently, the novel coronavirus (COVID-19) pandemic and deepening global economic uncertainty have been putting great pressure on Vietnam’s local currency bond market, according to the Asian Development Bank (ADB).

nearly 213 million raised from vietnam governmental bond auction
(Photo: Vnexpress)

In the latest issue of ADB’s Asia Bond Monitor released on Wednesday, ADB reported ten-year government bond yields and two-year government bond yields of Vietnam declined 50 and 20 basis points between 31 December and 29 February, respectively.

According to ADB, the pandemic and deepening global economic uncertainty are also weighing heavily on local currency bond markets of other East Asian economies, including China, Hong Kong (China), Indonesia, Republic of Korea, Malaysia, Philippines, Singapore and Thailand, according to Vietnam News.

“Financial markets in the region are already feeling the brunt of the effects of the COVID-19 pandemic, with foreign investment and sector activities on the downside, coupled with ongoing trade issues,” said ADB Chief Economist Yasuyuki Sawada.

nearly 213 million raised from vietnam governmental bond auction
(Photo: Vietnam News)

Despite the pandemic, Vietnam government bond still could mobilize a large amount of capital from investors.

A total of 100 billion VND (US$4,247,755) was mobilised from 15-year bonds with an annual interest rate of 2.63 percent, up 0.1 percent from the auction on March 18.

Meanwhile, 100 billion VND (US$4,247,755) worth of 30-year bonds were sold with a yield rate of 3.1 percent, up 0.1 percent as compared with the March 11 auction.

So far this year, the State Treasury has raised over 33,513 billion VND (US$1,425,083,508) from G-bond auctions at the HNX, reported by VIR.

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