PVFC issues petrol bonds

The PetrolVietnam Financial Joint Stock Corporation (PVFC) will issue petrol bonds this year with a total value of 1.6 trillion VND (96.26 million USD) on October 1 in an effort to mobilise capital.

The three-year bonds, in both Vietnamese dong and US dollars, will be issued to less than 100 investors with an initial interest rate of 17.5 percent per annum for Vietnamese dong bonds and 6.2 percent a year for US dollar bonds.

The interest rate will be adjusted annually based on 12-month deposit rates at Vietcombank , Vietnam Investment and Development Bank, Vietnam Commerce and Industry Bank and Vietnam Agriculture and Rural Development Bank.

VNA

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