BIDV approved to list VND500 billion bonds on HSX

Publish date
06/01/2020

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On 30 December 2019, the HSX officially approved BIDV to list VND500 billion bonds with the code BID11908.

The first transaction date is expected to be on 15 January 2020. BIDV has the right to call the 7-year bond with face value VND100,000 after 2 years from the issue date.

The bonds are non-convertible, non-warranted, non-guaranteed, and meeting the current regulations to be calculated in BIDV’s tier 2 capital.

The interest rates are calculated as follows: 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) plus 1.3% p.a.

 

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