Vietnam Treasury to Sell US$250M Bonds This Month
Vietnam’s State Treasury will auction a combined US$250 million worth of government bonds within this month in its second tranche of 2009, the Hanoi Stock Exchange said.
The treasury will offer US$100 million in one-year bonds in the first session on August 24, and another US$100 million in two-year bonds on August 26.
The remaining of US$50 million in three-year notes will be put for tender in the final session Friday, August 28, the exchange said.
The dollar-denominated bonds have a face value of US$100 and the minimum bid is US$10,000. Bidders will compete via coupons and the ceiling rate will be given by the Finance Ministry.
In March, Vietnam issued US$300 million g-bonds but raised only US$230.2 million. It plans to issue a combined US$1 billion bonds in the domestic market this year to fund key projects and state budget. (HNX)
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