HANOI - Vietnam's State Treasury has raised VND1.4 trillion (US$74 million) at an auction of three-year and 10-year government bonds, with yields at the ceiling rate set by the Finance Ministry, the Hanoi Stock Exchange said.
The Treasury sold VND900 billion ($47.4 million) out of the VND1 trillion ($52.7 million) worth of June 2013 bonds on offer, at a yield of 10.95 percent, at the auction on Thursday, it said in a statement seen on Friday.
For the 10-year debt, it also offered to raise VND1 trillion but only managed to sell VND500 billion, at a yield of 11.3 percent, the exchange said.
Both of the debts, to be issued on June 7, were sold at the Finance Ministry's ceiling rate, it said.
In the latest auction on May 28, the Treasury sold VND200 billion out of VND2 trillion worth of five-year government bonds with a yield of 11.2 percent.
The government plans to sell bonds worth VND66 trillion this year, up 22 percent from the estimated proceeds raised in 2009.
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