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INSTITUTIONAL INVESTMENT | Cesar Tordesillas, Vietnam
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VBSP fails to sell government bonds

The Vietnam Bank for Social Policies failed to sell any of VND2 trillion worth of government bonds.

 

Distributed equally for 3-year and 5-year tenors, the bonds were auctioned on June 8.

The bid-to-cover ratio was just 0.75, including 3 bidders registering for VND1.2 trillion 3-year bonds, seeking for yields of 10-11% per annum and another 1 bid for VND300 billion 5-year debts, asking for yields of 11-11.5% p.a.

In the previous auction of VND3 trillion worth of 3-year and 5-year bonds held on June 1, the VBSP managed to sell VND300 billion 3-year government-backed bonds at fixing of 9.8% and VND300 billion 5-year debts at 10.2%.

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