Vietnam raises US$175.6 million in government bond auction
This is down from the US$244 million raised last week
VIETNAM’s State Treasury raised US$175.6 million in a government bond auction on Wednesday (Nov 20), down from the US$244 million raised last week.
The uptake was also lower, a filing to the Hanoi Stock Exchange showed, with 44.6% of the offer sold compared with 56.4% at last week’s auction.
Vietnam is seeking to raise US$15.8 billion from government bond sales this year, mainly to fund its public investments, among the key drivers of economic growth.
It has raised 314.7 trillion dong (S$16.5 billion) of that so far this year, according to data from the exchange.
At Wednesday’s auction, the treasury sold 1 trillion out of 2.5 trillion of 5-year bonds offered at an a coupon of 1.92%. it also sold 3 trillion of 5.5 trillion of 10-year bonds available at a coupon of 2.66%.
On the corporate front, Vietnamese companies have raised 355.6 trillion dong from bond sales this year up to Nov 15, according to bond market association data.
The value of corporate bonds maturing in the remainder of 2024 is 52.8 trillion dong, 42.3% of which belongs to the real estate sector and 12.1% to the banking sector, it added. REUTERS
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