Vietnam state treasury raises 300b dong worth of G-bond

Hanoi Stock Exchange (HNX) has reported the tender results for government-guaranteed bond issued by the State Treasury held on December 1, 2011 via the northern bourse.

Accordingly, the total offered volume was two trillion dong for two tenors of 3-years (one trillion dong) and 5-years (one trillion dong). These bonds will be issued on December 5, 2011.

There were four participants for 3-year bond. The total raised volume for 3-year bond reached 300 billion dong and the successful coupon rate of 12.1 percent per annum (p.a.). The total amount of capital to pay for this tenor will be 302.5 billion dong.

For 5-year bond, the successful ratio was zero percent due to the registered coupon rate was around 12.4-12.5 percent p.a., higher than the issuing coupon rate of 12.15 percent p.a.

Thus, after three weeks, the successful ratio for G-bond tender was below 5%, the successful ratio in the tender on December 1 reached 15%.

In the tender for G-bond issued by Vietnam Development Bank (VDB) on November 30, the successful ratio reached 100%, successfully raising 2.5 trillion dong worth of offered G-bond volume.

 

Category: Stocks