Development bank to issue VND 700 billion of government bonds via bidding on HASTC

The Hanoi Securities Trading Center on June 11 announced that it would hold a bidding for VND 700 billion of government bonds issued by the Bank for Development of Vietnam for the second round in 2008 on June 18.

These included VND 200 billion of two-year term bonds and VND 500 billion of 15-year term bonds.

Both bonds will be issued on June 20 under the book entry form and sold at their par value.

Principle payment will be made once at the par value when due while the coupon payment will be paid yearly on the same day with the issue date.

The bidding method is a combination of competitive and non-competitive coupon bidding. Non-competitive bond volume should not exceed 30% of total bond bidding volume.

Deadline for submitting bidding slips is before 2pm, June 18.

After being issued, these bonds will be listed on the northern bourse.

ND

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