VDB issues VND 1.570 trillion government backed bonds

Vietnam Development Bank (VDB) has mobilized VND 1.570 trillion government-backed bonds through an auction session held in Hanoi Stock Exchange. For the VND 3 trillion auction session, VDB bonds are distributed in four maturities (VND 1 trillion for 2 year tenor, VND 1 trillion for three year bond, and the rest is divided equally for 5 year and 10 year tenor ). Five entities have participated in the bidding for two 2 year maturity. All 2-year bonds have been sold out at the rate of 8.44%/year, 0.49% higher than the last auction of August 26, 2013. Four entities have made bid for three-year bonds. In the end, VND 570 billion worth of three-year bonds have been sold out at winning rate of 8.65%/year, 0.35% higher than the last auction of September 11, 2013.There were no successful bidders for the 5-year and 10-year bonds. Since the beginning of year, VDB has mobilized VND 25.997 trillion by issuing bonds with government guarantee through Hanoi Stock Exchange.