Additional 1tr dong bond issuance fails

VNStockNews.com - Hanoi Stock Exchange (HNX) has announced that the G-bonds bidding session issued by State Treasury on Feb 4 has failed due to failure of calling for investment capital source and negotiation about coupon rates.

In details, there were 500-billion dong G-bonds with two-year terms and five-year terms to be issued on February 8, 2010 with the par value of 100,000 dong per bond.

As for the two-year G-bonds, there were five eligible participants with registered bidding amount of 600 billion dong. The investors proposed the registered minimum and maximum coupon rates of 11.7% and 14.5% and ceiling coupon rates of 11.2%. However, the bidding session ended with failure due to there was no bidding winners.

There was only one investor participating in the bidding session for the five-year G-bonds with the registered bidding amount of 100 billion dong. The investor registered the highest and lowest coupon rates of 12% and ceiling rates of 11.3%. However, there was no G-bonds to be issued after the session ended.