Vietnam sells $73M government bonds; yield 4% a year

The State Treasury of Vietnam sold $73 million out of $200 million of dollar-denominated government bonds it offered at an auction Tuesday.

The treasury sold the one-year bonds at par to yield 4% a year at the auction at the Hanoi Stock Exchange, the bourse said in a statement.

It said the eight participating investors made bids totaling $205 million at annual yields ranging from 3.45% to 5%.

At its previous auction Aug. 28, the treasury sold $10 million out of $50 million of three-year dollar-denominated bonds offered, at par to yield 3.9% a year.