Bonds of HIFU to be tendered

VNStockNews.com - Hanoi Stock Exchange (HNX) will hold a tender session for bonds of HCM City Investment Fund for Urban Development (Hifu) to raise capital for carrying out the project of Thu Thiem new urban area with the total bidding volume of 500 billion dong.

The five-year term bonds would be issued on Sep 09 under method of book entry. The principal will be paid once on due date and the coupon paid annually on the same day with the date of issue.

The bidding method is applied under the combination of competitive and non-competitive coupon bidding. Non-competitive bond volume will not exceed 30 percent of the total bond bidding volume.