The annual coupon on Vietnam's government bond issue edged up to 7.15% this week, from 7% in early April and a record low of 6.5% on debt sold in March, the Hanoi stock exchange said on Wednesday.
The over-the-counter market said four investors bought 300 billion dong ($18.6 million) worth of five-year government bonds on par with their 100,000 dong face value on Tuesday, after bidders priced the debt at between 7% and 7.5%.
At the previous auction on April 10, a total of 700 billion dong ($41 million) worth of five-year government bonds were sold to four investors at 7%, up from a record low coupon of 6.5% at the previous auction on Marh 26.
The government has raised 2.46 trillion dong ($153 million) worth of five-year bonds at four auctions on the Hanoi Securities Trading Center so far this year, or 61.5% of the debt on offer, with coupons ranging between 6.5% and 7.62%.
The Hanoi stock exchange also said it planned to hold another bond auction to raise 400 billion dong ($25 million) in May.
The Finance Ministry plans to raise 22 trillion dong ($1.37 billion) worth of government bonds between March and year-end to invest in transport and irrigation projects.
The debt terms will range from five years to 15 years.
Apart from selling government bonds, the Hanoi market also auctioned debt issued by the Vietnam Development Bank and urban bonds issued by the Ho Chi Minh City government.
Source: Reuters
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