On 26 November 2019, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has successfully issued VND2,800 billion of bonds in the second batch in 2019.

Particularly, BIDV issued VND2,577 billion of 7-year bonds and VND223 billion of 10-year bonds.

The bonds are non-convertible, non-warranted, non-guaranteed, denominated in VND, establishing the direct debt repayment obligations, being subordinated debts of BIDV, and meeting the current regulations to be calculated in BIDV’s tier 2 capital.

The interest rates are calculated as follows: the Reference Rate (which is the average of 12-month interest rates for individual savings deposit denominated in Vietnamese Dong with interest paid at maturity of 4 banks including Agribank, Vietinbank, BIDV, and Vietcombank) plus 1.2% p.a. for 7-year bonds and 1.3% p.a. for 10-year bond.

BIDV has the right to call the bonds after 2 years from the issue date for the 7-year bonds and 5 years for the 10-year bonds.

BIDV

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