Vietnam raises $371 million in government bond auction

Vietnam’s State Treasury collected 9.6 trillion dong, equivalent to $371 million, at Wednesday’s weekly government debt sale, Business Recorder reported. The amount was below the revised $442 million raised in the previous week, while the share of securities sold fell to 56% from 64%, according to a Hanoi Stock Exchange filing.

Buyers took the full 6 trillion dong available in five-year notes at a 4.27% coupon, and 3.6 trillion dong of the 9 trillion dong offered in ten-year notes at 4.43%. No 15-year or 30-year securities were sold from a combined 2 trillion dong offering. The government’s annual fundraising goal is 500 trillion dong, with more than 325 trillion dong collected to date; corporate bond issuance reached 462 trillion dong through October 16. A further 51 trillion dong of corporate debt is due to mature before year-end.