G-bonds see higher interest rates at latest transaction
A total of VND4.3 trillion (US$187.9 million) worth of bonds were sold at the transaction out of the VND6 trillion (US$262.2 million) worth of bonds offered, including VND100 billion (US$4.37 million) of five-year bonds with an annual interest rate of 3.1%, 0.1% higher than the interest rate fetched at the previous auction on May 23.
For the 10-year bonds, VND2.4 trillion (US$104.88 million) was raised at an interest rate of 4.35% per annum, up 0.03% from the previous auction on June 13.
Meanwhile, VND1.8 trillion (US$78.66 million) worth of 15-year bonds were sold at an interest rate of 4.68% per annum, up 0.03% from June 13.
No bonds of 7-year, 20-year and 30-year terms were sold at the auction.
According to the HNX, the State Treasury has raised VND70.181 trillion (US$3 billion) from auctions of Government bonds at the northern bourse.
The interest rates of Government bonds have been on the rise lately, after a long period of decline throughout 2017 and the first four months of 2018.
The National Financial Supervisory Commission has predicted that the G-bond market in 2018 will see modest changes against last year thanks to the economic growth of more than 6.7% and inflation of below 4%.
The value of G-bonds issued in 2018 is estimated at some VND180 trillion (US$7.92 billion), with the focus being on long-term maturity and keeping the interest rate at low levels.
Related News
Pressure on Corporate bond maturity will fall in mid-2024
20:10 | 07/04/2024 Finance
Good management of public debt creates room to implement expansionary fiscal policy
10:06 | 19/03/2024 Finance
Strengthen supervision of information disclosure obligations of listed organizations
07:50 | 29/12/2023 Finance
Derivatives transaction soars in August
16:11 | 19/09/2023 Finance
Latest News
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Forum discusses support for women-owned firms to join supply chains
17:41 | 18/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
More News
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
Foreign investors net sell in Vietnamese market, banking sector attracts interest
16:13 | 17/04/2024 Finance
Banks record positive business indicators in Q1 2024
14:20 | 16/04/2024 Finance
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor
10:00 | 16/04/2024 Finance
IASB recommends Vietnam prepare infrastructure to apply IFRS
09:57 | 16/04/2024 Finance
Strong decentralization for ministries, branches and localities to manage and use electricity projects
10:50 | 15/04/2024 Finance
The Tax sector’s revenue collection reached 33% of current appropriation
10:50 | 15/04/2024 Finance
Savings interest rates begin rising amid slowing bank deposits
17:58 | 14/04/2024 Finance
Ministry of Finance conducts general verification of public assets
17:07 | 14/04/2024 Finance
Your care
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Forum discusses support for women-owned firms to join supply chains
17:41 | 18/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance