Vietnam bank to auction VND1.2 trillion bonds on Nov 18

TN News

Email Print

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.

More Business News