XM does not provide services to residents of the United States of America.

Vietnam raises $171.5 mln in government bond auction



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-Vietnam raises $171.5 mln in government bond auction</title></head><body>

Adds details, context, paragraphs 3-9

HANOI, July 24 (Reuters) -Vietnam's State Treasury raised 4.35 trillion dong ($171.5 million) in a government bond auction on Wednesday, down from the $357 million raised last week.

The uptake was lower, a filing to the Hanoi Stock Exchange showed, with 38% of the offer sold compared with 75% at last week's auction.

Vietnam seeks to raise 400 trillion dong ($15.77 billion) from government bond sales this year, mainly to fund its public investments, among the key drivers of economic growth.

It has raised 186 trillion dong from the sales so far this year, according to data from the exchange.

The State Treasury at Wednesday's auction sold all of the 500 billion dong of 5-year bonds offered with a coupon of 1.90%.

It sold 2.3 trillion of 7 trillion dong of 10-year bonds available with a coupon of 2.76%, and 1 trillion dong of the 3 trillion dong in 15-year bonds with a coupon of 2.96%. It also sold 550 billion of 1 trillion dong of 20-year bonds with a coupon of 2.98%.

On the corporate front, Vietnamese companies have raised 157 trillion dong from bond sales this year up to July 19, according to bond market association data.

The value of corporate bonds redeemed before maturity was 88 trillion dong up to July 19, down 34.1% from a year earlier, the association said.

The value of corporate bonds maturing in the remainder of 2024 is 132.5 trillion dong, 41.8% of which belongs to the real estate sector and 14.7% to the banking sector, it added.




Reporting by Khanh Vu; Editing by Andrew Heavens, William Maclean

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.