30 year treasury

State Treasury steps up long-term debt issues Hong Phuc HCMC – The State Treasury has in recent weeks put up for sale big volumes of debt with tenors of over five years in addition to three- and five-year debt. Last week, the agency held auctions of five-year, 20-year and 30-year bonds. Investors registered to buy all of the 20-year bonds on offer at VND1 trillion (US$44.7 million). However, the bonds have remained unsold as investors want higher coupons. Meanwhile, buyers acquired VND500 billion in 30-year debt in a VND1.5 trillion issue at a coupon of 8% a year. Early this month, the State Treasury sold out VND2.6 trillion of 15-year bonds. It organized an auction of 10-year bonds worth a combined VND1 trillion yesterday. Notably, VND100 billion of 10-year bonds, VND4.36 trillion of 15-year bonds, VND80 billion of 20-year bonds and VND1.53 trillion of 30-year bonds were sold last month, much higher than in previous months. According to data of the Hanoi Stock … [Read more...] about State Treasury steps up long-term debt issues

State Treasury to issue VND40 trillion bonds Hong Phuc HCMC - The State Treasury will issue VND40 trillion (US$1.8 billion) of Government bonds until the end of the year, chiefly those with tenors of more than five years. A representative of the State Treasury told a conference on G-bonds in Hanoi last week that besides auctions, the agency would issue G-bonds to Vietnam Social Insurance (VSI) via private placements, and continue restructuring the G-bond market through bond swaps. In the first six months of this year, the State Treasury raised over VND182.27 trillion from debt sales, meeting 82.9% of the full-year plan. This is a significant improvement compared to previous years. The average tenor of debt reached 6.79 years. Around 10 investors registered to buy VND6.5 trillion of debt on average per auction, and they were banks, insurance and securities firms, and investment funds. The Hanoi Stock Exchange held auctions to sell debt by lot with tenors of three to 30 years in the … [Read more...] about State Treasury to issue VND40 trillion bonds

G-bond sales reach 81.3% of full-year target Hong Phuc HCMC - Government bonds have sold well in the year to date, meeting 81.3% of the VND250 trillion (US$11.2 billion) plan set for this year by the Ministry of Finance. Despite good sales, coupons and liquidity on the G-bond market have been stable compared to previous years. Meanwhile, trading on the primary and secondary markets has been robust and foreign investors have boosted their bond purchases. However, State budget collections have not met expectations. Data of the ministry showed as of July 15 budget collections had totaled VND500.8 trillion, or 49.4% of the estimate. Budget revenues from domestic sources had stood at VND397.3 trillion (50.6% of the estimate) and VND21.6 trillion (39.6%) from crude oil. Tax collections from exporters and importers had reached VND80.4 trillion, representing 46.8% of the estimate. According to the Hanoi Stock Exchange, capital mobilization from G-bond sales had surpassed VND206.87 … [Read more...] about G-bond sales reach 81.3% of full-year target

G-bond sales beat full-year target Duc Nam HCMC – January-September government bond sales have amounted to VND250.89 trillion (US$11.2 billion), exceeding the full-year target, showed data of the Ministry of Finance. Favorable currency market developments and ample liquidity at banks have supported the G-bond market to perform better this year. As the Finance Ministry has achieved the year’s target for debt issuance, supply of G-bonds on the market has dipped sharply. The ministry stopped issuing five and seven-year bonds while only 10-year bonds worth a combined VND1 trillion were put up for auction on September 21. Last week saw credit institutions snapping up VND2 trillion of 15-year debt with a coupon of 7.47% per year, down 0.12 percentage point against the auction in the previous week. The volume of bonds which investors bid for was 3.3 fold higher than offered. Investors also bought VND710 billion of 20-year debt with an annual coupon of 7.73%, down a mere … [Read more...] about G-bond sales beat full-year target