VDB plans to issue 30 trillion dong G-bonds in 2010

VNStockNews.com - Hanoi Stock Exchange (HNX) announced the bidders about Vietnam Development Bank (VDB)'s plan to issue government guaranteed bonds.

In details, from 2010, VDB will be eligible for issuing G-bonds. The benefits of G-bonds owners issued by Vietnam Development Bank before 2009 remain unchanged.

The bank planned to issue 30 trillion dong G-bonds in 2010. In details, there are 4.4 trillion dong G-bonds to be issued with terms of 2 years; 6.6 trillion dong G-bonds with three-year term; 8 trillion dong G-bonds with five-year term; 5 trillion dong with 10-year term and 6.6 trillion dong bonds with 15 year term.

VDB was established on May 19, 2006 with chartered capital of 10 trillion dong.

Up to now, the bank has offered loans of about 160 trillion dong for over 3,260 projects worth about 430 trillion dong.

At the end of November 2009, prime minister decided to assign VDB for offering loans of 54 trillion dong in order to serve for socio-economic development plan in 2010.