Vietnam Govt Plans to Issue One-Year Dollar-Denominated Bonds Before Mar 15

The government of Vietnam has plans to issue one-year g-bonds denominated in dollar before March 15 to raise funds to import equipments for key coal-fired plants, Deputy Minister Nguyen Cong Nghiep has told a press briefing.

 

“The dollar bonds will be issued via tranches with government guarantees and the Ministry of Finance will decide size of bonds in consultations with Governor of the State Bank of Vietnam,” Deputy Minister Nghiep was quoted by the state-run Dau Tu Chung Khoan newspaper as saying.

 

“The bonds will be auctioned via State Treasury and will be listed on main stock exchanges, and bonds holders are eligible for sales, mortgage and transfers,” Nghiep added.

 

Currently, the MOF and the SBV are working on plans for bonds issuances, he said.

 

Vietnam plans to build an additional 12 coal-fired plants with a combined capacity of 6,300 megawatts to 7,000 megawatts in the northern economic zones between now to 2015. (Stock Investment)