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Sunday, June 16, 2024

Government raises VND180 trillion from G-bond sales in H1

By N.Tan

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HCMC – The Hanoi Stock Exchange (HNX) has announced that it successfully raised nearly VND180 trillion through 84 G-bond auction sessions in the first six months of this year, reaching nearly 45% of the annual G-bond sale plan.

The coupon rates for bonds with tenors of five, 10, 15, 20 and 30 years decreased from 3.75%-4.72% at the beginning of the year to 2%-3.25% by the end of June.

In the secondary market, G-bond transactions in June totaled over VND154.8 trillion. Outright transactions accounted for 73.05% of the total, while the remainder were repurchase agreements (repo).

The most traded bonds on the market were those with tenors of 10 and 15 years, accounting for 15.92% and 15.13% of the total trading value, respectively.

Overall, the total value of G-bond transactions in the first half amounted to over VND709.5 trillion, up 23.8% over the average for all of 2022.

Foreign investors conducted transactions worth nearly VND22.2 trillion, accounting for 3.13% of the total market trading value during the January-June period.

Regarding corporate bonds, the Vietnam Bond Market Association (VBMA) reported that the total value of corporate bond sales in the first half exceeded VND42.7 trillion.

In June, businesses redeemed bonds worth nearly VND31.6 trillion. The total value of bonds repurchased by companies before maturity from early this year until now was VND110.4 trillion, a 39% increase compared to the same period in 2022.

It is estimated that the total value of bonds falling due from now until the end of 2023 will reach VND158.5 trillion. Within this, the real estate sector accounts for 51%, with VND80.9 trillion worth of bonds maturing this year, followed by the banking sector with bonds valued at VND27.2 trillion, or 17.2%.

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