BIDV Issues First Bonds in 2012
The Bank for Investment and Development of Vietnam (BIDV) successfully issued VND2,030 billion (US$97.4 million) worth of bonds during its first phase of issuance this year. The bonds have a maturity of two and three years.
This issue attracted more investors than expected and bidding value exceeded the offering value.
BIDV said this was the first successful bond issue by a credit institution since 2011and the biggest corporate bond issue by value in the year to date.
BIDV will use the money to supplement its mid and long-term capital and restructure mid and long-term loans to meet the State Bank of Vietnam's capital adequacy ratio requirements.
Q.C
Vietnamese
