Vietnam plans to sell 1.4 trillion dong ($86.8 million) worth of government bonds at two auctions early next month, the Hanoi stock market said on Thursday.
The exchange said it would sell 10-year bonds to raise 700 billion dong ($43.4 million) on July 3 for maturity on July 5, 2017. The bond issuer is Vietnam Development Bank (VDB), one of the country's two state-run policy banks.
On July 9, the market will auction a 5-year bond worth 700 billion dong ($43.4 million) for maturity on July 11, 2012. The State Treasury will issue the debt.
On June 18, the exchange said it sold 500 billion dong of 15-years bonds issued by VDB at an annual yield of 8 percent.
In another auction on June 25, it sold 500 billion dong of 5-year bonds, offered by the State Treasury, at an annual coupon of 7.25 percent.
The Finance Ministry aims to sell 22 trillion dong ($1.37 billion) worth 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 assigned a Ba3 rating for the country's dong-denominated debt.
Source: Reuters
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