HCM city to issue local government bonds in December

Photo for illustration

Accordingly, the Ho Chi Minh city Finance and Investment State-owned Company is authorized to carry out the issuance of the bonds valued at VND2 trillion. In the first phase, the bonds will be issued in December 2017 with maturities of 10, 15 and 20 years, with nominal value of VND100,000 a bond. 

Earlier, in 2016, the southern hub successfully issued about VND3 trillion worth of local government bonds for 15-year terms with an interest rate of 7.55% a year.

In particular, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) bought an amount of bonds valued at VND2.8 trillion and BIDV Securities Joint Stock Company purchased VND150 billion, investing in city 's major projects./.