Result of BIDV’s 2nd bond issuance 2018

Publish date
09/08/2018

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The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) would like to announce the result of the second bond issuance in 2018 as follows:

Issuer

Joint Stock Commercial Bank for Investment and Development of Vietnam

Term

12 years

Volume

VND130 billion

Interest rate

 

+ Bond interest is paid afterward annually;

+ Interest rate in the first seven (07) years is fixed at 7.7%/p.a.

+ If the bond is not repurchased by BIDV after seven (07) years since the issue date, interest rate applicable to the remaining period of the bond shall be 8.2%/p.a. on the basis of compliance and conformity with current regulations of related laws.

Type of bond

The bond is non-convertible without warrant, confirms direct and unsecured repayment obligation, is a secondary debt of BIDV and meets conditions to be accounted in BIDV’s tier 2 own capital according to current regulations.

Best regards.