The government bond market after a period of slowdown has regained momentum with strong interest from credit institutions, even though bond yields are falling steeply. The State Treasury last week successfully issued VND5.9 trillion worth of government bonds, following the VND8-trillion bond issuance in the week before that. Bond yields for two- and three-year terms were 8.3% and 8.53% respectively. In... 

Interest rates will most likely fall in the coming time as banks are now awash with funds, ascertained by the crashing inter-bank rate this week as well as the central bank’s move to drain capital via open market operations. The inter-bank rate after hitting a four-year low last week continued the downtrend this week. The overnight rate on the inter-bank market now averages at 2.5% a year, while... 

Vietnam’s five-year bonds fell the most in almost a month before a debt auction. The dong was steady. The State Treasury will offer 1 trillion dong ($47.6 million) each of three- and five-year notes today, according to the Hanoi Stock Exchange’s website. Results of the bidding will be available later in the day. The yield on the benchmark five-year security rose five basis points, or 0.05 percentage... 

The target to mobilize VND130 trillion from government bonds this year, or way higher than that of VND65 trillion last year, seems to be out of reach as the tempo has remained slow to date. As of August 25, the assigned issuers State Treasury, Vietnam Bank for Social Policy, and Vietnam Development Bank have mobilized some VND62 trillion of government bonds from the total tenders of over VND135 trillion... 

Government bonds worth VND500 billion (around US$24 million) were auctioned at the Hanoi Stock Exchange (HNX) on August 11. The sum included VND200 billion mobilised from three-year bonds, at an interest rate of 12.4 percent per annum, and the rest of VND300 billion sourced from five-year bonds, at annual interest rate of 12.5 percent. Since the beginning of this year, the State Treasury collected... 

The government bond market  [is expected] to improve during 2011 after a dismal period January-April, along with the economy’s recovery Bond coupons remain in a holding pattern as local lenders sit on the fence waiting to see how inflation bites before making decision. Last Thursday, July 14, the State Treasury only sold VND1.2 trillion ($58 million) worth of three-year bonds and VND600 billion... 

The State Treasury mobilized VND1.8 trillion from auctions of treasury bonds of three- and five-year terms via the Hanoi Stock Exchange (HNX) last Thursday, carrying coupons from 12.2% to 12.3% per year. The offered bonds worth a total VND4 trillion equally split between the two terms, but it was able to sell VND1.2 trillion worth of three-year bonds with an annual rate of 12.2%, and VND600 million... 

The Hanoi Stock Exchange (HNX) organized a tender for Treasury bonds last week, with the total value on offer reaching VND7 trillion. The bonds come with three different terms: two year (VND2.5 trillion), three year (VND2.5 trillion) and five year (VND2 trillion). The two year bond had nine participants, with the lowest interest rate of 11.9% and the highest of 13%. There was VND2.3 trillion worth... 

Banks are queuing up for bonds as credit expansion slows amid improved cash availability. On June 9, a government bond auction finished with all VND1.5 trillion ($72 million) worth of five-year paper and another VND1.5 trillion worth of three year paper taken. This was the second 100 per cent take-up auction in a row for the State Treasury. Coupon rates continued the downtrend. Three-year paper was... 

Investors bought only a third of the bonds that Vietnam aimed to sell in the first quarter as inflation accelerated at the fastest pace in more than two years. The State Treasury sold 13.7 trillion dong ($661 million) of the 40 trillion dong notes it offered, according to figures emailed today by the Hanoi Stock Exchange, where the auctions took place. Consumer prices rose 19.78 percent in May from...