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Wednesday, June 19, 2024

G-bond coupons slide further in April

By N.Tan

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HCMC – The coupons of G-bonds in all tenors dropped a further 14 to 27 basis points in April compared to the previous G-bond auction held in late March.

At the final auction session in April, the respective coupons for the five, 10, 15 and 30-year G-bonds were 2.75%, 3.22%, 3.33% and 3.66%.

The Hanoi Stock Exchange, or HNX, held 14 auction sessions in April for G-bonds issued by the Vietnam State Treasury (VST). The total value of winning bids reached nearly VND34.8 trillion, with a bid-to-cover ratio of 84%.

VST raised around VND139.68 trillion from G-bond issues between January and April, achieving 35% of the full-year plan.

On the secondary market, G-bond transactions in April increased by 6.13% month-on-month to VND130.7 trillion, with an average of over VND6.535 trillion per session.

The average G-bond yield decreased the most in one, three and five-year tenors, sliding by 22.82%, 22.64%, and 21.92% compared to last month, respectively.

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