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Vietnam to sell $200 mln bonds: exchange   2009-12-28 - Reuters

Vietnam will auction $200 million of US dollar-denominated one-year bonds this week, the Hanoi Stock Exchange said.



The exchange planned to sell debt on Tuesday and issue it on Dec. 31 for maturity on Dec. 31, 2010, it said in a statement seen on Monday.

The Vietnamese government has announced plans to issue around $1 billion in dollar-denominated bonds on domestic markets to pay for big state projects and offset a budget deficit.

Prior to Tuesday's auction, the exchange had raised only $387 million worth of the dollar bonds, with terms ranging between one year and three years.

In the latest dollar bond auction in August, the exchange sold sold $10 million of three-year government bonds at a yield of 3.9 percent.

Fixings on one-year dollar lending rates eased to 1.86 percent last Friday on the interbank market from 1.91 percent the previous day, according to Reuters data.

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