BIDV successfully issues VND789 billion of medium and long-term bonds

RELEASED DATE
23 Dec 2019

From 18 to 20 December 2019, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has successfully issued VND789 of medium and long-term bonds as a private placement.

The bonds issued are listed below:

Issue date	Issue size (VND billion)	Term	Interest rate
18 Dec 2019	100	15-year, BIDV has the right to call the bonds after 10 years from the issue date.	Reference Rate* + 1,7%p.a.
19 Dec 2019	455	06-year, BIDV has the right to call the bonds after 1 year from the issue date.	Reference Rate + 1,4%p.a.
19 Dec 2019	34	07-year, BIDV has the right to call the bonds after 2 years from the issue date.	Reference Rate + 1,5%p.a.
20 Dec 2019	200	10-year, BIDV has the right to call the bonds after 5 years from the issue date.	Reference Rate + 1,4%p.a.

(*) 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.