HNX to tender 2.5tr G-bonds Jun 28

Hanoi Stock Exchange (HNX) announced to hold the tender session on June 28, 2012 for bidding 2.5 trillion dong government-backed bonds to be issued by the State Treasury. The total bond value this time is posted at 2.5 trillion dong.

The bonds would have two terms: two years (valued at 2 trillion dong) and ten years (500 billion). The issuance date would be June 30, 2012.

The bonds are supposed to be issued under book entry method, with offering price equal, lower or higher than the face value. The yield would be paid periodically every year from 2013 until the maturity year, while the principal is to be paid at due date.

HNX would apply the bidding methods of combination between competitive and non-competitive bidding ones.

 

Category: Stocks