State Treasury to continue to tender 5.5tr dong worth of G-bond on August 13

Hanoi Stock Exchange (HNX) has recently announced to organise a tender for 5.5 trillion dong worth of government-guaranteed bonds issued by the State Treasury on August 13 via the northern bourse.

Accordingly, the State Treasury will offer one trillion dong for 2-year tenor bond, two trillion dong for 3-year bond, another two trillion dong for 5-year tenor bond and 500 billion dong worth of 10-year tenor bond.

The bond will be sold at par, higher or lower than the par value, issued under the book entry method and listed on the northern bourse.

The tender will apply a combination of competitive and non-competitive interest rate method. The offered volume for non-competitive interest rate method will not exceed 30 percent of the total offered volume.

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

Earlier, on July 27, the northern bourse also held a tender for 5.5 trillion dong worth of G-backed bond with tenors of 2, 3, 5 and 10 years. The raised volume reached five trillion dong.

 

Category: Finance