Vietnam State Treasury sells VND520 billion of bonds

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Vietnam's State Treasury sold VND500 billion (US$26.4 million) of two-year bonds and VND20 billion of five-year securities at an auction today, according to the Hanoi Stock Exchange, where the sale took place.

The State Treasury sold the two-year notes at 11.3 percent, and five-year debt at 11.5 percent, according to a statement on the stock exchange's website. That was less than the VND500 billion on offer for the five-year notes.

The Treasury also offered VND500 billion of three-year securities with a coupon of 11.4 percent in today's auction. It didn't sell any of the notes as investors demanded coupons between 11.5 percent and 12 percent, according to the statement.

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