Vietnam's State Treasury sold a combined 600 billion dong of two-year and three-year government bonds on Thursday at a rate of 12 percent and 12.1 percent per annum, the Hanoi Stock Exchange said.
The Treasury auctioned 500 billion dong worth of each maturity and plans to issue the bonds on March 23, it said in a statement.
It sold 430 billion dong of two-year bonds at the finance ministry's ceiling rate of 12 percent per annum and another 170 billion dong of three-year bonds at 12.1 percent, the ceiling for that maturity.
In the last auctions on February 4 and March 4 to sell two-year, three-year and five-year bonds worth a combined 2 trillion dong, the State Treasury failed to issue any debt as interest rate bids were higher than its ceiling.
In the last successful auction on January 21, the first government bond auction of 2010, the State Treasury sold just 2 billion dong of five-year bonds out of an offer of 500 billion dong.
The government plans to sell bonds worth 66 trillion dong this year, up 22 percent from the estimated proceeds raised in 2009.
http://ph.news.yahoo.com/rtrs/20100319/tbs-vietnam-economy-bonds-4c42a9e.html
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