MoF issues sovereign bonds at 9pct/year

VNStockNews.com - From October 1 to December 25, Ministry of Finance issued the 2-year sovereign bonds in big provinces and cities to the Vietnamese overseas and local citizens, foreigners working in Vietnam, entities, companies, economic institutions or foreign organisations operating legally in Vietnam.

The bonds are issued and paid in dong. Principals and interests of the bonds will be paid once when due (24 months).

Inc case bondholders demand to pay prematurely, the coupon rate of bonds will not be calculated if the bond buying time is not enough six months yet. If buying time is below 12 months, buyers will receive 6-month yield rate of 4.00% pa. If buying time is 12-18 months, buyers will receive 12-month yield rate of 8.40% pa. If buying time is 18-24 months, buyers will receive 18-month yield rate of 12.90% pa.