BIDV delays fixing time for international bond issuance

The Bank for Investment and Development of Viet Nam (BIDV) has not set a specific time for issuing international bonds, said the bank's spokesperson, Quach Hung Hiep.

The statement follows approval given by the State Bank of Viet Nam (SBV) last Wednesday for BIDV to issue up to US$500 million worth of international bonds this year.

"We've intended to issue these bonds for a long time and the confirmation from SBV is a positive step for BIDV to capitalise on opportunities. This doesn't mean we have fixed a time for the issuance," said Hiep. BIDV planned to issue international bonds from 2011.

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