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Nearly $7B raised through gov’t bond auctions in five months

The State Treasury raised VND162.95 trillion (nearly $6.94 billion) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) in the first five months of 2023, up 188.4% year-on-year.

Nearly $7B raised through gov’t bond auctions in five months

The amount was equal to 48.4% of the issuance plan in the second quarter, and 40.74% of the plan set for 2023.

In May alone, as many as VND23.27 trillion, or 75.06% of the total G-bonds on offer, was mobilized via 17 auctions on the HNX.

Most of the total volume offered in the month was 15-year and 10-year bonds, accounting for 43.4% and 32.1%, respectively.

Interest rates continued their downward trend in all terms, with a decrease of 27-35 basis points compared to the last session of April.

In the last auction of May, the interest rates for 5-, 10-, 15-, 20-, and 30-year terms were 2.4%, 2.95%, 3.05%, 3.19% and 3.4%, respectively.

On the secondary market, the State Treasury mobilized VND132.57 trillion in May, with the average trading value reaching VND6.63 trillion per session, up 1.43% from the previous month. The total volume traded via outright transactions made up 56.69% of the total.

Bonds with 10-, 15-, and 10-15 year maturity were traded the most, accounting for 25.75%; 18.02% and 11.4%, respectively.

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