Hanoi Stock Exchange (HNX) has recently announced to organise a tender for two trillion dong worth of government-backed bonds issued by the Vietnam Bank for Social Policies (VBSP), including one trillion dong for 3-year tenor bond (July 24, 2012-July 24, 2015) and one trillion dong for 5-year tenor bond.
Accordingly, the tender is scheduled at 2:00 pm July 20, 2012 on the northern bourse.
The tender will apply the combination of competitive and non-competitive interest rate methods. The offered volume for non-competitive interest rate method will not exceed 30 percent of the total offered volume for the tender.
The principal will be paid once when due and the yield will be paid periodically on the same day of the issuing date.