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Friday, June 21, 2024

SBV continues issuing bonds

The Saigon Times

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HCMC – The State Bank of Vietnam (SBV), the central bank, has withdrawn an additional VND4,250 billion through a G-bond auction this month.

In an auction conducted on October 19, the SBV offered 28-day G-bonds worth VND4,250 billion with a coupon rate of 1.45%. This is the highest coupon rate since the SBV resumes G-bond issuance.

On the same date, the G-bonds lot, which were sold on September 21, fell due, so nearly VND10 trillion was injected into the banking system.

Thus, the SBV has made a net injection of VND5,750 billion into the market via the auction session held on October 19.

In 21 consecutive G-bond auction sessions, the SBV had withdrawn nearly VND260 trillion from the market.

Given that VND10 trillion has been injected into the economy, the total value of G-bonds in circulation is around VND250 trillion, which is slightly lower than the peak seen on October 18.

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