State-run Vietnam Development Bank has raised 175 billion dong ($10.8 million) from auctioning its July 2017 bonds, or just a quarter of its total debt on offer, the Hanoi over-the-counter stock market said on Wednesday.
The exchange's bulletin said it sold the 10-year bond with a yield of 7.95 percent -- only 25 percent of the total 700 billion dong debt on offer -- after four bidders sought yields between 7.65 percent and 8.5 percent at the auction on Tuesday.
The bond, to be issued on July 5, will mature on July 5, 2017. Buyers of the debt were not identified by the market.
Last month, the lender, one of Vietnam's two policy banks, sold 500 billion dong worth of its 15-year bonds with a yield of 8 percent.
The Hanoi market said it would auction the State Treasury's five-year bond on July 9 to raise 700 billion dong ($43.4 million).
Source: Reuters
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