|The PVFC’s meeting to mark a public appearance in the finance of South Viet Nam. (Photo: T.C)|
The Governor of the State Bank of Viet Nam (SBV) has just signed Decision No. 971/QĐ-NHNN, allowing the Petrol Viet Nam Finance Company (PVFC) to issue long-term bonds in 2006.
PVFC will issue, on the coming June 19, VND 300 billion and US$ 30 million long-term bonds.
According to a PVFC official, the bonds’ interest rate will be made public within a few days. The rate will take into account the benefit of investors and the market’s needs.
Previously, PVFC issued 5-year term bonds which will mature on September 3, 2008. The rate of these VND bonds is 8.7%in the first year, and 8.03% and 8.63% in the second and the third years, respectively. The rate in the last two years is calculated from the average deposit 12-month rate of 4 state-own commercial banks plus 0.5%.
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