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Investors buy $72.12 million bonds from Da Nang

Jan 3rd at 12:51
03-01-2013 12:51:58+07:00

Investors buy $72.12 million bonds from Da Nang

The Ocean Bank and PetroVietnam Finance Corporation have bought a total of 1500 bonds worth VND1.5 trillion (US$72.12 million), issued by the city if Da Nang.

The five-year-term bond, with a fixed interest rate of 11 per cent per year, is to raise funds for the construction of shopping and trade centres, supermarkets, wholesale markets and entertainment places.

It was the first of Da Nang's planned VND5 trillion ($240.4 million) bond issue for socio-economic development this year.

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