Banks are allowed to act as agents selling government bonds.

From January 15, 2024, not only the State Treasury, commercial banks, and foreign bank branches are also allowed to sell and pay for government bonds.

This new regulation is stated in Decree 83 on issuance, registration, listing and trading of government debt instruments on the stock market. This Decree takes effect from January 15, 2024.

Accordingly, when issuing private government bonds, the State Treasury can choose commercial banks and foreign bank branches as agents, instead of selling directly and paying buyers as before.

Banks wishing to become agents selling government bonds must meet network, distribution and payment requirements.

This year, the State Treasury aims to mobilize VND400 trillion through government bonds, including the amount issued for Vietnam Social Security. This figure is equal to the initial issuance plan last year, and nearly double after adjusting the target.

According to data from the Hanoi Stock Exchange (HNX), by the end of October, the State Treasury had mobilized more than VND264,359 billion, reaching 66% of the yearly plan. The average issuance term was 12.33 years; the average maturity was 9.19 years and the interest rate was 3.44% per year. In the fourth quarter, the State Treasury will auction an additional VND130,000 billion worth of bonds.

The Ministry of Finance said that this agency will closely monitor the collection and disbursement of public investment capital and the principal repayment plan of the central budget, to mobilize government bond capital with an appropriate volume.

Phuong Dung

Source link: https://vnexpress.net/ngan-hang-duoc-lam-dai-ly-ban-trai-phieu-chinh-phu-4683888.html