Vietnam to auction VND7.8 trillion bonds this week

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Vietnam's Hanoi stock exchange will hold three auctions this week to sell bonds worth a combined VND7.8 trillion ($373.2 million) for two policy lending banks and Vietnam Expressway Corp, the exchange said.

The Vietnam Development Bank will sell three-year and five-year government-guaranteed bonds, each to raise VND2 trillion on Wednesday, while the Vietnam Bank for Social Policies will offer debt on Friday of similar terms to mobilize VND1 trillion and VND2 trillion, respectively, according to statements seen by Reuters said.

Meanwhile, the state-owned corporation will sell five-year and 10-year paper, each to raise VND300 billion, and VND200 billion via three-year debt on Tuesday, the statements added.

Late last year, Vietnam said it expected to raise about VND25 trillion ($1.19 billion) from selling government debt in the first quarter of this year.

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