TIẾNG VIỆT State bank mobilises $409 million from T-bill issuance
Khanh Minh
Tuesday | 09/26/2023 15:35
The State Bank of Vietnam (SBV) continues to issue over 409 million USD worth of treasury bills (T-bills). (Photo: VNA)
On September 25, the State Bank of Vietnam (SBV) continued to use the interest rate auction mechanism to issue treasury bills worth VND 10 trillion (over $409 million).
Four of the thirteen bidders won the offer with an interest rate of 0.49%, which was lower than the preceding sessions on September 22 (0.5%) and September 21 (0.69%).
The SBV issued about VND30 trillion in T-bills over the last three transaction sessions. This was the central bank's first use of this strategy in six months, as the interbank overnight interest rate plummeted to its lowest level in two months.
According to Saigon Securities Inc. (SSI) experts, the SBV's decision intends to regulate short-term liquidity and does not imply that the bank is reversing its monetary policy.
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