BIDV gets approval to sell $515 million in securities

Bank for Investment & Development of Vietnam, a state-owned lender, said it plans to raise VND9 trillion (US$515 million) selling long-term securities this year.

The bank, known as BIDV, received permission from the State Bank of Vietnam Monday, according to a statement posted on the central bank’s website.

The Hanoi-based lender will sell dong-denominated bonds and certificates of deposit, the statement said. It did not specify the bank’s yields for these securities or give reason for the issue.

Bloomberg, THANHNIEN

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