Since early this year so far, Vietnam Development Bank (VDB) has organised four tenders and raised total 14.4 trillion dong worth of government-backed bonds.
On May 16, 2012, Hanoi Stock Exchange (HNX) organised a tender for five trillion dong worth of G-bonds issued by VDB with tenors of 3-years (two trillion dong) and 5-years (three trillion dong).
For 3-year tenor, there were seven participants in the bidding with the bid rate of 8.95-10.95 percent per annum (p.a.); the bid volume reached 4.1 trillion dong. As the result, VDB raised 600 billion dong worth of 3-year tenor bonds at the yield of 9.5 percent p.a.
For 5-year tenor bonds, there were five participants in the bidding with the bid rate of 9.5-11 percent p.a. and the bid volume of 2.532 trillion dong, Finally, VDB raised 800 billion dong worth of G-bonds for 5-year term at the yield of 9.8 percent p.a.
Totally, VDB sold 1.4 trillion dong worth of 3-and 5-year G-bonds, or 28% of the offered volume, at the yield of 9.5-9.8% p.a. in the tender on May 16.
Thus, since early 2012 so far, VDB has launched four tenders and raised total 14.4 trillion dong worth of G-bonds.