State Treasury to issue VND200 trillion-worth bonds in 2018

Monday, 2018-03-05 10:55:25
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The State Treasury of Vietnam plans to issue bonds worth VND200 trillion in 2018.
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NDO - The State Treasury of Vietnam plans to issue bonds worth VND200 trillion (US$8.8 billion) in 2018, a much higher value than last year.

Accordingly, the Treasury will mobilise VND20 trillion for under five-year bonds and VND30 trillion for five-year bonds.

Seven-year maturity bonds will be valued at VND36 trillion, while the 10, 15, 20 and 30-year bonds are estimated at VND37 trillion, VND32 trillion, VND20 trillion and VND25 trillion, respectively.

During the issuance process, the State Treasury may adjust the volume of bonds and their maturity dates in line with the current market situation and the State budget’s demand for the use of capital.

In 2017, in fact, the agency had to reduce its issuance plan twice, from VND183 trillion to VND169 trillion.

The total value of successfully issued bonds was approximately VND159.9 trillion, achieving 87.37% of the initial plan.

However, 2017 was considered as a successful year for the State Treasury’s bond issuance in terms of interest rates and maturity.