State-run Vietnam Development Bank plans to raise 600 billion dong ($37 million) from auctioning its July 2022 bonds on Tuesday, the Hanoi over-the-counter stock market said in a statement on Monday.
The exchange said it would sell the 15-year bonds on Tuesday for maturity on July 26, 2022 on behalf of Vietnam Development Bank (VDB), one of the country's two state-run policy banks.
At the last VDB bond auction on July 3, the lender sold 175 billion dong worth of its 10-year bonds with an annual coupon of 7.95 percent, or a quarter of the total 700 billion dong on offer.
Last Friday, the Hanoi market sold 600 billion dong ($37 million) worth of 5-year government bonds at an auction with an annual coupon of 7.42 percent.
In March, Moody's upgraded the outlook for both Vietnam's foreign currency bonds and local currency bonds to positive from stable. It assigned a Ba3 rating for the country's dong debts.
Source: Reuters
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