Bloomberg News

Vietnam Bonds Fall Most in a Month Before Auction; Dong Steady

November 24, 2011

Nov. 24 (Bloomberg) -- Vietnam’s five-year bonds fell the most in almost a month before a debt auction. The dong was steady.

The State Treasury will offer 1 trillion dong ($47.6 million) each of three- and five-year notes today, according to the Hanoi Stock Exchange’s website. Results of the bidding will be available later in the day.

The yield on the benchmark five-year security rose five basis points, or 0.05 percentage point, to 12.49 percent, according to a daily fixing from banks compiled by Bloomberg. The increase was the most since Oct. 24.

The dong traded at 21,008 per dollar as of 3 p.m. in Hanoi today, compared with 21,009 yesterday, according to data compiled by Bloomberg.

The central bank fixed the currency’s reference rate at 20,803, unchanged from Oct. 28, according to its website. The dong is allowed to trade up to 1 percent on either side of the rate.

--Nguyen Dieu Tu Uyen. Editors: Ven Ram, Sandy Hendry

To contact Bloomberg News staff for this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

To contact the editor responsible for this story: Sandy Hendry at shendry@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus