Government Bond Auction Result on October 11th, 2023
11/10/2023
On October 11th, 2023, the State Treasury called for bidding a total of VND 4,500 billion of Government bonds, including 5-year bond (VND 500 billion), 10-year bond (VND 1,500 billion), 15-year (VND 2,000 billion) and 20-year (VND 500 billion). While 5-year, 10-year, and 15-year bond's bidding tenors were sold out, 20-year bond's bidding tenors was not sold.
The winning interest rate for both 10-year, and 15-year' tenors increased by 2 bps compared to their last auctions to 2.38% and 2.61%, respectively. Meanwhile, the winning rate for 5-year tenors decreased by 1 bps (to 1.64%) compared to the previous one.
Year to date, the State Treasury issued VND 256,131 billion of Government bonds across various tenors from 5 to 30 years, completing about 64% of this year’s plan of VND 400,000 billion.
Winning value of 10 and 15-year bonds are the largest with VND 100,697 and VND 116,803 billion issued, respectively, accounting for 84.9% of the total value issued since the beginning of 2023. 5-year bond comes in third with VND 27,943billion. The State Treasury has plans to raise VND 30,000 billion from 3-year bond this year but so far has not offered this tenor for bidding.
On October 9th, 2023, the Vietnam Bank for Social Policies called for auction a total of VND 2,500 billion of Government Guaranteed Bond at tenors of 5 years (VND 1,500 billion), 10 years (VND 500 billion) and 15 years (VND 500 billion). While 5-year bond's bidding tenors were sold out, none of 10-year and 15-year bond's bidding tenors was sold.