Vietnam raises $97 million in government bond auction

Business Recorder reported that Vietnam's State Treasury collected 2.54 trillion dong, roughly $97 million, through its weekly government bond auction on Thursday. That amount was well below the $479 million gathered in the previous week's sale. Investor participation also fell, with only 15 per cent of the offered bonds finding buyers against 74 per cent a week earlier, based on a filing with the Hanoi Stock Exchange.

In the 5-year segment, 2.5 trillion dong was placed from an 8 trillion dong offering, carrying a 4.42% coupon. The 30-year tranche attracted 35 billion dong against 500 billion dong on offer, at a 4.61% coupon. None of the combined 8.5 trillion dong across the 3-year, 5-year and 15-year maturities found a buyer.

The government is targeting 500 trillion dong of bond sales for the year, and according to the report it has already raised more than 220 trillion dong so far.