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BIDV continued to issue bonds to attract nearly 600 billion to supplement the capital level 2

Sunday - 02/09/2018 21:04
In total of four bond issues, BIDV added over VND 1 trillion to its second-tier capital this year.
BIDV continued to issue bonds to attract nearly 600 billion to supplement the capital level 2
BIDV continued to issue bonds to attract nearly 600 billion to supplement the capital level 2
Vietnam Bank for Investment and Development of Vietnam (BIDV - BID) has announced the results of issuance of BIDV Bonds in phase 3 and 4 in 2018.

Accordingly, the bank issued VND500 billion worth of bonds in the third tranche of 7-year term with the interest rate of + 0.8% / year.

The reference interest rate is defined by the bank as the average plus rate of VND personal savings deposit in VND, which is applied for the 12-month term (or equivalent) published on the main website. The four banks include Vietnam Joint Stock Commercial Bank for Investment and Development, Vietnam Joint Stock Commercial Bank for Industry and Trade, Vietnam Bank for Agriculture and Rural Development and Vietnam Joint Stock Commercial Bank for Foreign Trade. Date of determination of interest rate.

Meanwhile, at the fourth issuance, the bank has attracted VND80 billion of 12-year term with the first year interest rate of 7.7% per annum. BIDV would like to inform that if BIDV is not acquired after seven (07) years from the issue date, the interest rate applicable to the remaining bond term is 8.2% per annum. Comply with current regulations of related laws.

As of the previous issue, VND580 billion of bonds issued for these two rounds were non convertible bonds, not warrants, established direct repayment obligations, unsecured, secondary and Satisfying the conditions to be included in BIDV's own capital level 2 according to current regulations.

Thus, plus 4 times, BIDV issued a total of VND1,010 billion to supplement Tier 2 capital this year.
 Tags: BID

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