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Vietnam Development Bank sells no bonds in VND 1 trillion auction
By Richard Connell
New York, Sept. 25 - Vietnam sold no bonds in its two-tranche auction of two-year and three-year bonds issued by the Vietnam Development Bank at its auction on Friday.
In its VND 500 billion offering of government bonds due Sept. 29, 2011, Vietnam received one bid for VND 50 billion but rejected it as the ceiling yield was 9.2% and the registered yield was 10.3%.
In a VND 500 billion offering of bonds due Sept. 29, 2012, no bids were received.
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