Vietinbank issues more 130mln USD worth of bonds this year
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is selling 30 million bonds, worth 3 trillion VND (130 million USD), to the public in the tier-2 public offering this year which takes place from August 27 – September 24.
Hanoi (VNA) – The Vietnam Joint Stock Commercial Bank for Industry andTrade (VietinBank) is selling 30 million bonds, worth3 trillion VND (130 million USD), to the public in the tier-2 public offering thisyear which takes place from August 27 – September 24.
The bondsoffered are non-convertible, not secured by assets and without an attachedwarrant.
Of the total,half are 8-year bonds that will mature in 2028 while the remainders are 10-yearbonds maturing in 2030.
Interest ratesare calculated by reference interest rate plus 0.9 percent per year for bondsmaturing in 2028 and reference interest rate plus 1 percent for those in 2030.
On July 30,the bank announced it had successfully distributed all 70 million bonds, worth7 trillion VND, in the tier-1 public offering.
Vietinbankplans to offer a total of 100 million bonds to the public in 2020 to raise thebank’s working capital and expand credit while ensuring prudential ratios arein line with regulations by the State Bank of Vietnam.
In the firsthalf of this year, the bank reported a 39.6-percent increase in after-taxprofit to over 6.01 trillion VND./.
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Illustrative photo. (Source: VNA)
