Treasury sells VND6 trillion government bonds

Hanoi Stock Exchange organized a bid invitation for VND6 trillion (US$283.42 million) government bonds issued by the Vietnam State Treasury on July 11.

The bonds are issued with maturities of two, three and five years. Of these, bonds worth VND1 trillion are two year fixed rate bonds, bonds worth VND2 trillion mature in three years and bonds worth VND3 trillion are five year fixed rate bonds.

VND 1 trillion of 2-year fixed-rate bonds carried a coupon rate of 3.75%. The treasury priced VND1.95 trillion of three year bonds at a coupon rate of 5.89 percent and issed five year bonds at a coupon rate of 6.94 percent.

Since early this year, the treasury has sold over 126,600 billion government bonds.

By Ngoc Quang – Translated by Hai Mien

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