Central Bank approves BIDV bond issue of $900 million
The State Bank of Vietnam (SBV) recently permitted the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to issue VND20 trillion (US$893 million) worth of bonds in 2017.
BIDV’s targeted demography includes both domestic and foreign organisations and individuals. Credit organisations, their subsidiary companies and foreign bank branches are not allowed to buy these bonds on the primary market.
The yields will be decided by BIDV in accordance with market interest rates and the current set of bond yields regulations as dictated by the SBV.
BIDV repurchased its shares in 2017 based on strict safety requirements, excluding tier two capital bonds, which require a different set of regulated legal documents.
bizhub
> G-bonds worth over $1.1b worth raised in April (04/05/2017)
> SSI to issue bonds worth VND300 billion again (26/04/2017)
> State raises $281.78 million in latest bond auction (22/04/2017)
> Vietcombank to issue bonds worth VND8 trillion (14/04/2017)
> State Treasury mobilises VND6.8 trillion through Government bonds (14/04/2017)
> Govt mobilises $184 million through G-bond auctions (30/03/2017)
> SHS: Disclosure Information on Bond Issuance (24/03/2017)
> Treasury to boost bond market with new lending mechanism (18/03/2017)
> Sai Gon - Ha Noi brokerage plans $26m bond issue (17/03/2017)
> NDP: Notice of issuing bonds to the public (14/03/2017)