HNX to hold tender for 5tr dong worth of G-bond on August 29

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HNX to hold tender for 5tr dong worth of G-bond on August 29

Post  Admin on Thu Aug 23, 2012 9:03 am


23-Aug-2012 Intellasia | HNX | 11:12 AM


Hanoi Stock Exchange (HNX) has recently announced that it would organise a tender for five trillion dong worth of government-backed bond issued by the State Treasury on August 29.

Accordingly, the State Treasury will raise two trillion dong for 2-year bond, another two trillion dong for 3-year bond and one trillion dong for 5-year bond.

The bond will be sold at par, higher or lower than the par value.

The tender will apply the combination of competitive and non-competitive interest rate method. Of which, the offered volume for non-competitive interest rate method will not exceed 30 percent of the total offered volume.

The principal will be paid once when due and the bond yield will be paid periodically on July 15 every year for 2-year bond and June 30 for 3-and 5-year bond from 2013 till the maturity year.

Earlier, on August 21, HNX announced the tender results for six trillion dong worth of G-bond issued by the State Treasury for tenors of 2, 3 and 5-years. The success ratio reached only 33%, lower than the previous tender for 5.5 trillion dong of G-bond on August 13 (the success ratio reached over 95%).


http://www.intelasia.net/hnx-to-hold-tender-for-5tr-dong-worth-of-g-bond-on-august-29-227753

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