From July 24, 2012, HCM City Development Commercial Joint Stock Bank (HDBank) issued short term certificate of deposits (C/Ds) for the fourth tranche 2012 in dong and US dollar for economic organisations and credit institutions.
The C/Ds have minimum face value of five million dong and $100 with an attractive coupon rate and bonus incentives. The total C/Ds issuance value is more than 5.4 trillion dong.
The C/Ds were issued under the book entry method with tenors of 1, 2, 3 weeks, 1, 2, 3, 6 and 9 months and 364 days. The principal and interest will be paid flexibly. The issuance duration is from July 24 to September 21, 2012. Of which, the total issuance face value will be five trillion dong and $20 million.
Short-tenor C/Ds for the fourth tranche 2012 will allow customers to make pre-mature withdrawals at any transaction offices under HDBank’s system.
In addition, of customers do not receive principal and interest when due, the interest will be included in the principal and HDBank will switch it to term saving with interest rate receiving by the end of term.
Customers also may make transfer, inheritance and donation for others or use for mortgage loans and discount as a mortgaged asset at a bank.