Vietnam bond sale hailed a success
(VOV) - Vietnam has had one of its most successful public debt sales ever, selling a total of US$1billion in governmental bonds in the international market, reports the Ministry of Finance (MoF).
The yield on the bonds hit 4.8% per year, below the expected figure of 5.125%, a record low yield for recent bond issuances. For comparison purposes, government bonds issued in 2005 and 2010 had a yield of 6.875% and 6.755% respectively.
Finance Asia, in turn also reported the bond issuance was considered one of the most successful auctions in all of Asia’s debt markets.
With the success and favourable developments in the international capital market, the MoF is set to issue more bonds in the time ahead to actively restructure the list of existing public debts.