Business

Published: Monday February 6, 2012 MYT 12:19:00 PM

Vietnam to auction 7.8 trln dong bonds this week


HANOI, Feb 6 (Reuters) Vietnam's Hanoi stock exchange will hold three auctions this week to sell bonds worth a combined 7.8 trillion dong ($373.2 million) for two policy lending banks and Vietnam Expressway Corp, the exchange said.

The Vietnam Development Bank will sell threeyear and fiveyear governmentguaranteed bonds, each to raise 2 trillion dong on Wednesday, while the Vietnam Bank for Social Policies will offer debt on Friday of similar terms to mobilise 1 trillion dong and 2 trillion dong, respectively, according to statements seen by Reuters said.

Meanwhile, the stateowned corporation will sell fiveyear and 10year paper, each to raise 300 billion dong, and 200 billion dong via threeyear debt on Tuesday, the statements added.

Late last year, Vietnam said it expected to raise about 25 trillion dong ($1.19 billion) from selling government debt in the first quarter of this year. For fixings of government bond yields, click . ($1=20,800 dong)

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