HSBC Starts Fourth Issue of US Dollar CDs
The Hong Kong and Shanghai Banking Corporation (HSBC) will issue certificates of deposits (CDs) in the US dollar for the fourth phase from July 24 to September 22.
These CDs will be sold at minimum face values of US$5,000 and US$10,000 in Hanoi and Ho Chi Minh City, respectively. The interest will be paid upon maturity.
The annual interest rate is fixed at 4.05 per cent for a three-month term, 4.2 per cent for six-month, 4.4 per cent for nine-month and 4.75 per cent for 364-day.
According to Ghislain Nguyen, director in charge of the bank’s personal finance service, the third issue phase from May 22 to July 21 was very successful.
HSBC was the first foreign bank in Vietnam to issue CDs in the greenback.
VnEconomy
Vietnamese
