Home Bonds

VietinBank to issue bonds worth $427.5 million

May 27th at 09:35
27-05-2019 09:35:49+07:00

VietinBank to issue bonds worth $427.5 million

The State Bank of Viet Nam has approved the plan submitted by the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) to issue bonds worth VND10 trillion (US$427.5 million).

Bond interest rates will be decided by VietinBank but must be consistent with the law, ensuring business efficiency and banking safety.

Bond buyers will include Vietnamese and international organisations and individuals.

VietinBank will be allowed to repurchase bonds issued in 2019 and will be responsible for using the capital raised from the bond issuance for the right purposes.

Over the past year, VietinBank has issued bonds to maintain and raise its capital adequacy ratio (CAR), which is currently at the minimum level prescribed by law.

By the end of the first quarter, VietinBank's valuable papers totalled VND46.2 trillion, equivalent to the beginning of the year, of which VND32.2 trillion was in bonds. The remainder was mainly certificates of deposit worth VND14 trillion.

bizhub

MOST READ

NEWS SAME CATEGORY

Government raises $3.65 billion from G-bonds in first months of 2019
BONDS May 11th at 19:35

Government raises $3.65 billion from G-bonds in first months of 2019

The State Treasury of Viet Nam has raised VND85 trillion (US$3.65 billion) via G-bond auctions on the Ha Noi Stock Exchange to date this year.

State Treasury to mobilise VND80 trillion of G-bonds in Q2
BONDS May 3rd at 08:00

State Treasury to mobilise VND80 trillion of G-bonds in Q2

The State Treasury of Viet Nam has announced plans to auction Government bonds through the Ha Noi Stock Exchange (HNX) in the second quarter with a total issuance...

State Treasury raises more than $90m via G-bonds
BONDS Apr 19th at 07:48

State Treasury raises more than $90m via G-bonds

The State Treasury of Viet Nam mobilised more than VND2.1trillion (US$90.17 million) through Government bond auctions on the Ha Noi Stock Exchange (HNX) on...

State Treasury raises VND1.8 trillion via G-bond auction
BONDS Apr 12th at 07:55

State Treasury raises VND1.8 trillion via G-bond auction

The State Treasury of Viet Nam raised VND1.8 trillion (US$78.2 million) through a Government bond auction on the Ha Noi Stock Exchange (HNX) on Wednesday.

Vietnam among smallest G-bond markets in ASEAN: ADB
BONDS Mar 23rd at 14:51

Vietnam among smallest G-bond markets in ASEAN: ADB

Among the ASEAN member economies, the smallest government bond markets were those of Vietnam and the Philippines, with each of their local currency government bonds...

Vietnam corporate bonds outstanding tops $4 billion
BONDS Mar 22nd at 08:17

Vietnam corporate bonds outstanding tops $4 billion

Vietnam’s local currency (LCY) corporate bonds outstanding last year increased year-on-year by 29.4 percent to over $4 billion.

Emerging East Asia bond market expands but concerns persist
BONDS Mar 22nd at 08:00

Emerging East Asia bond market expands but concerns persist

Investor sentiment toward emerging East Asia’s local currency bond markets has improved but there are concerns about financial stability in the region, including...

Viet Nam raises over $2b via G-bond channel in first months of 2019
BONDS Feb 25th at 15:18

Viet Nam raises over $2b via G-bond channel in first months of 2019

The State Treasury of Viet Nam has so far this year raised more than VND51.24 trillion (US$2.19 billion) via Government bond (G-bond) auctions on the Ha Noi Stock...

G-bond yields hit seven-month low
BONDS Feb 21st at 09:04

G-bond yields hit seven-month low

The yield of Government bonds (G-bond) has continued to decline and hit seven-month lows as the US Federal Reserve (Fed) seems unlikely to hike interest rates and...

Standard Chartered Viet Nam places REE’s $100 million fixed rate bonds
BONDS Jan 30th at 07:43

Standard Chartered Viet Nam places REE’s $100 million fixed rate bonds

Standard Chartered Bank (Viet Nam) Limited on Tuesday successfully placed Refrigeration Electrical Engineering Corporation’s (REE) inaugural VND2.3 trillion ($100...

Read More

MOST READ

Back To Top