Vietnam sold 700 billion dong ($43.5 million) of five-year government bonds on Monday at a yield of 7.05%, down slightly from 7.1% at an auction earlier this month, a stock market statement said.
The over-the-counter market sold all the debt on offer to three bidders after investors had sought to buy the bonds at between 7% and 8.5%, the statement said.
The bond, with a face value of 100,000 dong, will be issued on May 30 and mature on May 30, 2012.
On May 15 the Hanoi market sold 400 billion dong of five-year government bonds at a yield of 7.1%, down from 7.15% at last month's auction.
The Hanoi stock market has sold 5.96 trillion dong ($370 million) of government bonds so far this year.
The Finance Ministry is aiming to sell 22 trillion dong ($1.37 billion) of government bonds between March and the end of this year to invest in transport and irrigation projects.
In March Moody's upgraded the outlook for both Vietnam's foreign currency bonds and local currency bonds to positive from stable. It has a Ba3 rating on the country's dong debt.
Source: Reuters
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