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Saturday, April 20, 2024

G-bond coupons rise again

By N. Tan

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HCMC – Coupons of 10-year and 15-year Government bonds have risen 100 and 80 basis points to 4% and 4.1% annually in both primary and secondary markets, respectively.

Data from the Hanoi Stock Exchange showed that 30 lots of G-bonds were auctioned in the primary market in October. Of the total, 10 were issued by the State Treasury and the remainder by the Vietnam Bank for Social Policies.

The value of bonds sold in the month amounted to VND31,450 billion, equivalent to a winning rate of 55.66%. The State Treasury had got over VND139,000 billion from bond sales in the year to October, hitting over a third of the full-year plan, while VBSP gained only VND12,300 billion and achieved 60.29% of the target.

Bonds with 10-year and 15-year tenors remain the bestsellers, accounting for 46% and 32% of the total bonds sold. 

On the secondary market, G-bond transactions in October dropped 40% to nearly VND3,850 billion per session on average. Of the amount, outrights fell nearly 16.5%, while repos plunged 57.7%.

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