The Vietnam Bank for Social Policies, one of Vietnam's two state policy lenders, will offer VND1.2 trillion (US$57.12 million) in government-guaranteed bonds at an auction at the Hanoi Stock Exchange on Friday, the exchange said on Tuesday.
The bank will sell VND500 billion of three-year bonds and VND700 billion of five-year bonds, the exchange said in a statement.
In the previous auction on Nov. 4, the lender failed for the third time in a row to sell any bonds because there were no bids.
The last time the bank was successful in selling a bond was on Sept. 16 when it sold VND25 billion of five-year debt at a yield of 12 percent, the exchange has said.
The bank raised VND9.3 trillion ($442.86 million) through debt in the first 10 months of this year, up sharply from VND350 billion in the same period in 2010, the exchange's data showed.