HNX to hold 5.5tr dong G-bonds tender on July 27

Hanoi Stock Exchange (HNX) has just announced to organise a tender for 5.5 trillion dong worth of government-backed bonds issue by the State Treasury on July 27 via the northern bourse.

Particularly, the offered volume for 2-year tenor bond will be one trillion dong, two trillion dong for 3-year tenor bond, another two trillion dong for 5-year tenor bond and 500 billion dong for 10-year tenor bond.

The tender method is selling bonds with equal, over or under the par value.

The way to determine result is bidding the unit price. Bidding method can be combined with competitive and non-competitive interest rates, of which, competing or non-competing. The bonds volume under the non-competitive interest rate method will not exceed 30 percent of total offered volume.

The principal will be paid once when due and the yield will be paid periodically on June 15 yearly for bonds with 2, 3, 5 year tenors and on May 31 for 10-year tenor bond from 2013 to the maturity year.

 

Category: Finance