Vietnam bonds fall most in a month before auction; dong steady

TN News

Email Print

Vietnam's five-year bonds fell the most in almost a month before a debt auction. The dong was steady.

The State Treasury will offer 1 trillion dong ($47.6 million) each of three- and five-year notes Thursday, according to the Hanoi Stock Exchange's website. Results of the bidding will be available later in the day.

The yield on the benchmark five-year security rose five basis points, or 0.05 percentage point, to 12.49 percent, according to a daily fixing from banks compiled by Bloomberg. The increase was the most since Oct. 24.

The dong traded at 21,008 per dollar as of 3 p.m. in Hanoi Thursday, compared with 21,009 yesterday, according to data compiled by Bloomberg.

The central bank fixed the currency's reference rate at 20,803, unchanged from Oct. 28, according to its website. The dong is allowed to trade up to 1 percent on either side of the rate.

More Business News