Mobilizing capital through government bonds is convenient.

April 4, 2013 18:24

According to the Ministry of Finance, the market situation in the first quarter of 2013 was quite favorable for capital mobilization through the issuance of government bonds (G-bonds).

By the end of the first quarter of 2013, capital mobilization by Government bonds had collected VND65,450 billion, equal to 43.6% of the whole year plan. The demand for purchasing Government bonds was quite large with the bidding volume always higher than the calling volume (from 1.12 to 5.11 times), the winning rate in each session was quite large (90 - 100%); capital mobilization interest rates decreased through the bidding sessions, compared to the beginning of the year, by the end of the first quarter, interest rates for all terms decreased from 50-100 basis points.

Partly because the liquidity of the banking system is very abundant due to the lack of credit growth in recent times; the State Bank of Vietnam has pumped out a large amount of money through the open market and through the purchase of large amounts of foreign currency; and the State Bank of Vietnam's reduction of interest rates also affects investors when buying government bonds, which also contributes to making capital mobilization quite favorable.


According to Thanhnionline-HV

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Mobilizing capital through government bonds is convenient.
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