HCMC – The State Treasury raised VND34.5 trillion from Government bond auctions in February, up 32.4% from the previous month, according to the Hanoi Stock Exchange (HNX).
The HNX organized 12 auctions during the month for bonds issued by the State Treasury. From January through February, the State Treasury raised VND60.54 trillion through Government bond sales. The amount equals to about 55% of the first-quarter debt issuance plan and 12% of the full-year target for 2026.
In February, the State Treasury offered bonds with maturities of five, 10, 15 and 30 years. Only the 10-year tenor attracted successful bids.
The winning coupon rate for the 10-year bond reached 4.09% at the final auction session of the month, up four basis points from the first successful auction earlier in February.
On the secondary market, the total listed value of government bonds stood at VND2.60 quadrillion at the end of February, rising 1.14% from the previous month, HNX data showed.
Average trading value reached VND14.9 trillion per session, down 12.45% from January.
Outright transactions accounted for 74.24% of total trading value, while repurchase agreements (repos) made up 25.76%.
Foreign investors represented 5.26% of total market trading and recorded net sales of VND334 billion during the month.
By maturity, the rate on three-year bonds rose the most, reaching almost 3.37%. Coupon rates fell most for two-year, 20–25-year and 25–30-year bonds, at 2.34%, 4.15% and 3.85%, respectively.
The most actively traded tenors on the secondary market were 10-year bonds, 7–10-year bonds and 3–5-year bonds. They accounted for 16.42%, 15.58% and 12.41% of total trading value.
