BIDV successfully issues over VND3,000 billion of medium-term bonds

RELEASED DATE
03 Jan 2020

From 25 to 30 December 2019, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has successfully issued VND3,060 of medium-term bonds as a private placement.

The bonds issued are listed below:

Issue date	Issue size (VND billion)	Term	Interest rate
25 Dec 2019	769	06-year, BIDV has the right to call the bonds after 1 year from the issue date.	Reference Rate + 1,4%p.a.
27 Dec 2019	415	06-year, BIDV has the right to call the bonds after 1 year from the issue date.
30 Dec 2019	1,876	06-year, BIDV has the right to call the bonds after 1 year from the issue date.

(*) 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

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.