State Treasury to auction $17 bln worth of G-bonds in 2023
Illustrative image (Photo: VNA)
In the first quarter of 2023, the State Treasury will offer VND108 trillion worth of G-bonds with different maturities, including 5-year and 7-year bonds valued at 8 trillion VND, 10-year, and 15-year bonds each valued at VND45 trillion, and VND5 trillion worth of 20-year and 30-year bonds each.
On February 1, the HNX organized three auctions of 5-year bonds worth VND500 billion, and 10-year and 15-year bonds worth VND5 trillion each.
The State Treasury said in 2023, the agency will issue G-bonds closely following market developments, and the revenue collection and disbursement progress of the public investment capital plan from the State budget.
It will manage interest rates of auctioned G-bonds in line with the Government's direction of fiscal and monetary policies, and issue G-bonds with different maturities to meet the needs of investors, thus promoting the liquidity of the G-bond market, raising more capital for the State budget and supporting the development of the capital markets.
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Khang Nguyen - N.Binh