Vietnamese bank to auction 2tn dong in bonds

HANOI : The Vietnam Bank for Social Policies, one of Vietnam's two state policy lenders, will auction 2 trillion dong ($
29 Aug, 2011

The bank will sell three-year and five-year bonds, each to raise 1 trillion dong, on Wednesday, the exchange said in a statement.

At its previous auctions on Aug. 26, the lender sold 150 billion dong of three-year bonds at a yield of 12.5 percent, and 430 billion dong of five-year debt at a yield of 12.6 percent.

 

Copyright Reuters, 2011

 

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