The Hanoi Stock Exchange successfully organised 17 G-bond auctions in May, raising more than 18 trillion VND (690.31 million USD) for the State Treasury.

Illustrative image.

The May fundraising brought the five-month total to 170.92 trillion VND, or 34.2% of the full-year target.

The auctions offered 5-year, 10-year, 15-year, 20-year, and 30-year tenors, with the 10-year bonds having the highest share of the total issuance at 83.8%, or over 15.1 trillion VND.

The final session of the month recorded winning bid rates of 2.41% for 5-year bonds, 3.08% for 10-year notes, 3.2% for 15-year securities, and 3.3% for 30-year bonds, representing increases of 10, 3, 10, and 2 basis points respectively compared to the final April auction.

On the secondary market, the listed value of G-bonds reached some 2.37quadrillion VND as of May 30. The average trading value per session stood at over 13.9 trillion VND, up 11.22% against the previous month.

Of this, outright transactions accounted for 69.63% of the total trading value while repurchase agreements (repos) made up the remainder.

Foreign investors contributed 3.26% of the total market trading value, recording a net purchase of 284 billion VND in May.

Trading concentration favoured medium- and long-term maturities, with 10-year bonds leading market activity at 30.9% of total transaction value, followed by 5-year notes at 14.36% and 10-15 year securities at 14.02%.

Commercial banks maintained their dominant market position, controlling 49.81% of outright transaction volume and 84.52% of the repo market.

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