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VND- Dong Little Changed; Bonds Drop Ahead of Debt Auction DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

VND- Dong Little Changed; Bonds Drop Ahead of Debt Auction

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VND- Dong Little Changed; Bonds Drop Ahead of Debt Auction Empty VND- Dong Little Changed; Bonds Drop Ahead of Debt Auction

Post 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









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