$92.6 mln G-bond sold out in auction: HNX
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Hanoi Stock Exchange (HNX) has sold out all VND1.905 trillion G-bonds ($92.6 million) issued by the State Treasury in a recent bidding session.
Since the beginning of Q2 up to now, this is one of the very few successful bidding sessions that have been held so far.
For the five-year G-bonds, there are 11 investors participating in the bidding session, with offered coupon rates ranging from 13 percent to 17 percent per year, and the applied coupon rates for the bidding winners stood at 13.2 percent per year.
The total registered bidding value reached VND2.116 trillion out of supposed bidding value of VND1 trillion.
As for the three-year G-bonds, about VND905 billion bonds have already been sold to the purchasers, out of the offered VND1 trillion bond volume.
The participants have registered to purchase total bonds worth VND1.358 trillion with coupon rates of 13-16 percent per year. After the session, the winning coupon rate was posted at 13.3 percent per year.
Trinh Hoai Giang, vice chair of Vietnam Bond Association, said the success for this bidding session may due to the declining trend of the inter-bank interest rates recently.
Many large banks with capital sourcing from bonds that are nearing maturity have decided to continue investing in G-bonds. There are VND9.5 trillion G-bonds that have maturity dates in Q1.
