VND2.6 trillion Worth of Long-term Bonds to be issued

Vietcombank is the oldest commercial bank for external affairs in Viet Nam. 

The State Bank of Viet Nam recently gave a permission for the Bank for Foreign Trade of Viet Nam (Vietcombank) to issue long-term bonds totally worth VND2.6 trillion (USD162,500) in 2006.

The financial instruments, which have terms of at least 12 months, will be issued in 2-3 phases with different interest rates set by Vietcombank in accordance with the market’s interest rates.

These long-term bonds will be issued in both Vietnamese Dong (about VND1 trillion) and US Dollar (about VND1.6 trillion in conversion).

Related Link:

The Bank for Foreign Trade of Viet Nam

By H.Y – Translated by Trong Khuong

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