Vietnam bank sells $7.2mln of dong bonds, yield dips

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State-owned Vietnam Bank for Social Policies sold VND150 billion ($7.2 million) of government-guaranteed bonds on Friday, with yields slightly easing from the last auction, the Hanoi Stock Exchange said.

The bank, one of Vietnam's two policy lenders, sold three-year debt at a yield of 12.05 percent, but failed to sell two-year and five-year bonds as investors sought higher yields than it was prepared to accept, the exchange said in a statement.

The lender had sought to raise VND1.32 trillion via government-guaranteed bonds.

In the last auction on March 9, the bank raised VND300 billion via three-year bonds at a yield of 12.06 percent.

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