VDB to tender 3tr dong worth of G-bonds on August 8

Hanoi Stock Exchange (HNX) has recently announced to organise a tender for three trillion dong worth of government-guaranteed bonds issued by Vietnam Development Bank (VDB).

Particularly, the tender will be held on August 8 via the northern bourse. The bonds will include tenors of two, three and five years with the offered volume of one trillion dong each.

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 of bonds 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 every year on August 10 from 2013 till the maturity year.

 

Category: Finance