Vietnam raises $97 million in government bond auction (Adds details)

On Thursday, Vietnam's State Treasury collected 2.54 trillion dong, about $97 million, through its weekly government bond sale, Business Recorder reported citing Reuters. That was well below the $479 million gathered in the previous week's auction.

Demand also weakened: a Hanoi Stock Exchange filing indicated that only 15% of the bonds offered were sold, against 74% the week before. The 5-year paper drew 2.5 trillion dong from 8 trillion dong on offer at a 4.42% coupon, while the 30-year tranche sold 35 billion dong of 500 billion dong at 4.61%. The 3-, 5- and 15-year securities, totalling 8.5 trillion dong, attracted no buyers. Against a target of 500 trillion dong for the year, the government has so far collected more than 220 trillion dong from bonds.