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Vinacomin issues VND 3 Trillion Corporate Bonds

Vinacomin issues VND 3 Trillion Corporate Bonds - 

Vietnam National Coal - Mineral Industries holding Corporation Limited (Vinacomin) has just issued VND 3 Trillion Bonds with a value of VND 1 billion per bond for 5 year term.

These bonds were issued on June 27th, 2014 and the liquidating term will be on June 27th, 2019.

The interest rates of the bonds are calculated as follow: for the two first interest period, the interest rate is applied as 9.8% per year. Then, interest rates are calculated based on the sum of 2.75%/year interest and the mean of the savings on deposit by Vietnam dong (VND), the interest is paid latterly with a 12-months term and announced at 4 major banks of Vietnam: Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Joint Stock Commercial Bank for Industry and Trade of Vietnam (Vietinbank) and Bank for Agriculture and Rural Development of Vietnam (Agribank) at the date of defining the interest rate.

The floating interest rate is paid every 6 months and the origin money of the bonds will be paid once on maturity date.

Vietnamenergy.vn

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