VietABank issues 2tr dong worth of short term C/Ds in dong

Viet A Commercial Joint Stock Bank (VietABank) has started issuing short term certificate of deposits (C/Ds) in dong with a total value of two trillion dong since June 28.
The C/Ds with terms of 1, 2, 3, 6, 9 and 11 months will have minimum face value of one million dong each. The principal and coupon rate will be paid once when due at all transactions office of VietABank.

The coupon rate of these C/Ds will be issued periodically and apply the competitive coupon rate with an aim to bring the best benefit for the idle capital of customers.

In addition, when needed, customers can make mortgage, discount or transfer these dong C/Ds of VietABank. – Vietbiz24

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

Posted by VBN on Jul 5 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