VBSP to auction VND1Tln bonds on Nov 4

Vietnam Bank for Social Policies (VBSP) will open an auction for VND1 trillion Government bonds distributed equally for 3-year and 5-year tenors at the Hanoi Stock Exchange at 14:00 Nov 4, 2011.

Vietnam Bank for Social Policies (VBSP) will open an auction for VND1 trillion Government bonds distributed equally for 3-year and 5-year tenors at the Hanoi Stock Exchange at 14:00 Nov 4, 2011, the bourse said, adding that the auction will be price competitive and non-price competitive.

The bonds will be offered at par. Investors will receive interests annually while the principal will be paid lump-sum at maturity.

VBSP previously failed to sell any of VND1 trillion or $47.94 million worth of government bonds, auctioned on Oct 14.

Source StoxPlus

Tags: Vietnam banking industry, Vietnam bonds, Vietnam finance, Vietnam financial

Posted by VBN on Nov 4 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry