Vietnam plans to sell VND1.7 trillion (US$105 million) worth of government bonds at two auctions this month, the Hanoi stock market said.
In a statement, the exchange said it would sell 15-year bonds to raise VND1 trillion ($62 million) on June 18 for maturity on June 20, 2022. The bond issuer is Vietnam Development Bank, one of the country's two state-run policy banks.
On June 25, the market will auction a five-year bond worth VND700 billion ($43.4 million) for maturity on June 27, 2012. The State Treasury will issue the debt.
On Tuesday, the Hanoi market sold VND500 billion ($31 million) worth of Ho Chi Minh City's urban bonds. The yield on a five-year bond worth VND150 billion was 7.8% while the 15-year bond carried yield of 8.25%.
The Finance Ministry aims to sell VND22 trillion ($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 debts.
Source: Thanh Nien
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