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Thursday, May 2, 2024

Over VND80 trillion raised via G-bond sales in Q1

By Nguyen Tan

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HCMC – The Vietnam State Treasury (VST) had raised more than VND80.2 trillion through 18 G-bond auction sessions on the Hanoi Stock Exchange by the end of March, with a bid-to-cover ratio of 65.1%.

In March, the VST issued bonds with coupons of 1.47%, 2.02%, 2.42%, and 2.62% for respective terms of 5, 7, 10 and 15 years. These rates represented a slight uptick compared to the previous month.

Trading value surged in the secondary market, with total transactions amounting to VND244 trillion in March. The average transaction value per session reached VND11.6 trillion, a 23.7% rise from February.

Outright transactions remained predominant, constituting 66.54% of the total trading value. Foreign investors contributed 3.04% to the overall market trading value in March, with a net selling value of VND880 billion.

In the first three months of the year, the average trading value per session for G-bonds soared to VND10 trillion, a sharp increase of 54.56% against the full-year average of 2023.

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