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VND- Dong Little Changed; Bonds Drop Ahead of Debt Auction
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VND- Dong Little Changed; Bonds Drop Ahead of Debt Auction
by lexie Wed Sep 07, 2011 1:29 pm
September 7, 2011
Dong Little Changed; Bonds Drop Ahead of Debt Auction
Vietnam’s government bonds declined on speculation a debt auction tomorrow damped demand for the securities. The dong was little changed
The State Treasury will auction 1.5 trillion dong ($72 million) each of three- and five-year bonds, according to a statement on the Hanoi Stock Exchange’s website.
The yield on the benchmark five-year bond climbed three basis points, or 0.03 percentage point, to 12.49 percent, according to a daily fixing price from banks compiled by Bloomberg.
The debt offering tomorrow has reduced demand, said Do Hoang Quynh Trang, a fixed-income trader at Hanoi-based Ocean Commercial Joint-Stock Bank.
The dong was little changed at 20,832 per dollar as of 4:15 p.m. in Hanoi, according to data from banks compiled by Bloomberg. The central bank set the reference rate at 20,628 today, unchanged from Aug. 24, according to its website. (Bloomberg)
http://www.vietfinancenews.com/2011/09/dong-little-changed-bonds-drop-ahead-of.html
Dong Little Changed; Bonds Drop Ahead of Debt Auction
Vietnam’s government bonds declined on speculation a debt auction tomorrow damped demand for the securities. The dong was little changed
The State Treasury will auction 1.5 trillion dong ($72 million) each of three- and five-year bonds, according to a statement on the Hanoi Stock Exchange’s website.
The yield on the benchmark five-year bond climbed three basis points, or 0.03 percentage point, to 12.49 percent, according to a daily fixing price from banks compiled by Bloomberg.
The debt offering tomorrow has reduced demand, said Do Hoang Quynh Trang, a fixed-income trader at Hanoi-based Ocean Commercial Joint-Stock Bank.
The dong was little changed at 20,832 per dollar as of 4:15 p.m. in Hanoi, according to data from banks compiled by Bloomberg. The central bank set the reference rate at 20,628 today, unchanged from Aug. 24, according to its website. (Bloomberg)
http://www.vietfinancenews.com/2011/09/dong-little-changed-bonds-drop-ahead-of.html
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Join date : 2011-06-24
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