Vietnam government issues first bond of 2001

Vietnam''s bond market is effectively non-existent. Can the government''s latest treasury bond issue change that?

TheVietnamese government is to try its hand at another treasury bond issue following a widely criticized debut last July. However, observers say that by the look of the prospective coupon, the new deal is unlikely to be any better received from foreign investors, or give the domestic debt capital markets a much needed kickstart.

The new D5 trillion $342.6 million offering, to be listed today Monday on the Stock Exchange Centre of Ho Chi Minh City, will offer two-year paper carrying an annual coupon of 6.8%.

The communist government, who recently reported that Vietnam requires D150 trillion in investment funds this year, says proceeds from the transaction will be...

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