More News
INSTITUTIONAL INVESTMENT | Cesar Tordesillas, Vietnam

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%.

For more.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.