By Richard Connell
New York, Sept. 9 - The Vietnam Expressway Corp. sold VND 3 billion in government bonds due Sept. 11, 2014 at par to yield 10½% at its auction on Wednesday.
For the VND 500 billion offering, bids were received and accepted from one participating member for VND 6.3 billion at a yield of 10½%, of which VND 3 billion was accepted.
In a second tranche, no bids were received in an auction of government bonds due Sept. 11, 2012.
The offering size for this tranche was also VND 500 billion.
| Issuer: | Vietnam Expressway Corp.
|
| Amount: | VND 3 billion
|
| Issue: | Government bonds
|
| Maturity: | Sept. 11, 2014
|
| Price: | Par
|
| Yield: | 10½%
|
| Auction date: | Sept. 9
|
| Settlement date: | Sept. 11
|
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