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Viet Nam to issue new types of bonds
Viet Nam plans to begin selling dong-denominated zero-coupon bonds along with 7- and 20-year bonds starting September 15.
The Ha Noi Stock Exchange, the State Treasury and the Viet Nam Securities Depository Center held a training conference this week on the new rules.
Besides adding the zero-coupon rate together with the fixed rate, it also adds bonds of 7-year and 20 year terms to the current list of 2-year, 3-year, 5-year, 10-year, 15-year, and 30-year terms.
The circular also regulates the bonds sales on every Wednesday and increases bond sales to four from two times a month. It also shortens the period for bond transactions, payment and issues more penalties for late payment.
The Ministry of Finance still assigns the Ha Noi Stock Exchange as the only organiser of auctions for Government bonds, Government-guaranteed bonds, and municipal bonds.
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