Vietnam raises $157.6 mln in government bond auction
Adds details, context throughout
HANOI, Nov 27 (Reuters) -Vietnam's State Treasury raised 4 trillion ($157.6 million) in a government bond auction on Wednesday, down from the $175.6 million raised last week.
The uptake was also lower, a filing to the Hanoi Stock Exchange showed, with 38.1% of the offer sold compared with 44.6% at last week's auction.
The auction took total government bond sales to 318.7 trillion dong this year, according to data from the exchange, which is nearly 80% of the government's full-year target of 400 trillion dong.
Vietnam uses the proceeds from bond sales mainly to fund its public investments, among the key drivers of economic growth.
At Wednesday's auction, the treasury sold 3 trillion dong of 10-year bonds, out of 5.5 trillion of offered, at a coupon of 2.68%. It also sold 1 trillion of 30-year bonds, out of 1.5 trillion available, at a coupon of 3.15%.
It did not sell any of the 2.5 trillion dong of 5-year bonds and 1 trillion dong of 15-year bonds offered.
On the corporate front, Vietnamese companies have raised 364.2 trillion dong from bond sales this year up to Nov. 22, according to bond market association data.
The value of corporate bonds maturing in the remainder of 2024 is 50.5 trillion dong, 43.1% of which belongs to the real estate sector and 12.4% to the banking sector, it added.
($1 = 25,375 dong)
Reporting by Khanh Vu; Editing by John Mair
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