Bloomberg News

Vietnam Three-Year Bonds Drop to Six-Month Low Ahead of Auction

December 28, 2011

Dec. 28 (Bloomberg) -- Vietnam’s three-year bonds fell to the lowest level in six months ahead of a government debt auction. The dong gained.

The State Treasury will offer 1 trillion dong ($47.6 million) of three-year notes and 500 billion dong of 10-year securities today, according to the Hanoi Stock Exchange’s website.

The yield on the three-year bond rose two basis points, or 0.02 percentage points, to 12.51 percent, the highest since June 27, according to a daily fixing price from banks compiled by Bloomberg.

The dong increased 0.1 percent to 21,006 per dollar as of 2:50 p.m. in Hanoi, according to data from banks compiled by Bloomberg. The central bank set the reference rate at 20,828 today, unchanged for a second day, according to its website. The currency is allowed to trade up to 1 percent on either side of the official rate.

--Diep Ngoc Pham. Editor: Sandy Hendry

To contact Bloomberg News staff for this story: Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net

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


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