Hanoi Stock Exchange (HNX) has recently announced to organise a tender of two trillion dong worth of government-backed bonds issued by the Vietnam Bank for Social Policies (VBSP) on the northern bourse on July 30.
Of which, VBSP will offer one trillion dong for 3-year tenor bond to the tender and another one trillion dong of 5-year tenor bond.
The tender will apply a combination method of competitive and non-competitive interest rates. The offered volume for non-competitive method will not exceed 30 percent of the total offered volume.
Bonds will be sold at par, lower or higher the face value issued under the book entry method and listed on the northern bourse.
The principal will be paid when due and the yield will be paid annually on August 1 from 2013 till the maturity year.