BIDV hasn't fixed time for int'l bond issuance

Monday, Sep 09, 2013 15:38

Transactions are carried out at BIDV. The bank hasn't yet set a specific time for issuing international bonds. — Photo

HA NOI (Biz hub) ― The Bank for Investment and Development of Viet Nam (BIDV) has not set a specific time for issuing international bonds, said the bank's spokesperson, Quach Hung Hiep.

The statement follows approval given by the State Bank of Viet Nam (SBV) last Wednesday for BIDV to issue up to US$500 million worth of international bonds this year.

"We've intended to issue these bonds for a long time and the confirmation from the SBV is a positive step for BIDV to capitalise on opportunities. This doesn't mean we have fixed a time for the issuance," said Hiep.

BIDV planned to issue international bonds from 2011. At present, Vietinbank is the only domestic bank to have succeeded in issuing the bonds. ― VNS

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