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Home Vietnam economics news

Banks race to issue bonds to raise capital

Many banks have issued large amounts of bonds to raise thousands of billions of Vietnamese đồng, pushing interest rates to around 8 per cent per year, much higher than that of normal savings.

Phương Chu by Phương Chu
August 21, 2024
in Vietnam economics news
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BVBank has recently announced the public offering of bonds in the first phase through direct issuance at the bank’s transaction offices. BVBank plans to have six issuances with a total of 56 million bonds. In which, the first phase will offer 15 million bonds, with a term of six years and a fixed interest rate of 7.9 per cent per year for the first year. From the second year, the reference interest rate is the 12-month individual savings interest rate of four banks Vietcombank, VietinBank, BIDV and Agribank plus a margin of 2.5 per cent per year.

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Phương Chu

Phương Chu

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