Two banks permitted to issue bonds, valuable papers

The State Bank of Vietnam (SBV) on June 17 gave the go- ahead to two local commercial banks to issue bonds and long-term valuable papers in Vietnam dong this year.

Under Decision 1357/QD-NHNN signed by the SBV Governor, the Military Commercial Joint Stock Bank is permitted to release 3 trillion VND worth of bonds.

Bond interest rates will be fixed by the military bank in line with the SBV’s regulations.

According to another decision, No. 1356/QD-NHNN, the Sai Gon Thuong Tin Commercial Joint Stock Bank is allowed to issue long-term valuable papers worth 5 trillion VND in total.

VNA

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