BIDV successfully issues VND1,400 billion of medium and long-term bonds

Publish date
11/05/2020

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On 8 May 2020, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has successfully issued VND1,379 of medium and long-term bonds.

The bonds issued are listed below:

Issue date

Issue size (VND billion)

Term

Interest rate

8 May 2020

596

06-year, BIDV has the right to call the bonds after 1 year from the issue date.

Reference Rate(*) + 0.6%p.a.

8 May 2020

534

07-year, BIDV has the right to call the bonds after 2 years from the issue date.

Reference Rate + 0.8%p.a.

8 May 2020

206

08-year, BIDV has the right to call the bonds after 3 years from the issue date.

Reference Rate + 1.0%p.a.
8 May 2020 43 10-year, BIDV has the right to call the bonds after 5 years from the issue date. Reference Rate + 1.2%p.a.

(*) the Reference Rate (which is the average of 12-month interest rates for individual savings deposit denominated in Vietnamese Dong with interest paid at maturity of 4 banks including Agribank, Vietinbank, BIDV, and Vietcombank

The bonds are non-convertible, non-warranted, non-guaranteed, denominated in VND, establishing the direct debt repayment obligations, being subordinated debts of BIDV, and meeting the current regulations to be calculated in BIDV’s tier 2 capital.

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