HANOI: Vietnam’s State Treasury raised 9.6 trillion dong ($371 million) in its weekly government bond auction on Wednesday, down from the revised $442 million raised last week.
The uptake was also lower, with 56% of the bonds on offer sold, compared with 64% last week, according to a Hanoi Stock Exchange filing.
The treasury sold all of the 6 trillion dong of 5-year bonds on offer, at a coupon of 4.27% It sold 3.6 trillion dong of the 9 trillion dong of 10-year bonds on offer, at a coupon of 4.43%.
It failed to offload any of the combined 2 trillion dong of 15- and 30-year bonds on offer.
The government aims to raise 500 trillion dong from bond sales this year and has raised more than 325 trillion dong so far Vietnamese companies have raised 462 trillion dong via bonds this year up to October 16, according to bond market association data.
Top issuers over the past week include Vietnam Public Bank.
The total value of corporate bonds maturing during the remainder of this year stands at 51 trillion dong.