Prudential Vietnam buys 30-year bonds

Thursday, Jan 07, 2016 08:10

HA NOI (Biz Hub) — Prudential Vietnam, a local branch of the UK-based insurance and financial services company Prudential, on Monday bought investment certificates for the first ever issued 30-year bonds, worth VND500 billion (US$22.21 million).

In addition, Prudential committed to investing another VND5.5 trillion ($224.39 million) in bonds of the same term in 2016, bringing the total value of its investment in government bonds to VND6 trillion ($266.6 million) this year.

Last July, Prudential Vietnam spent VND3.2 trillion ($147.5 million) on Vietnamese sovereign bonds that mature in 20 years.— VNS

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