Da Nang raises $52 million from bonds

An image of the city's administration centre, which will be one of key infrastructure projects to receive investment capital raised from the city's bond issuance. — Photo diaocnamtrung.com

HA NOI (Biz Hub) — The authorities in the central Da Nang City have raised VND1.1 trillion (US$52.3 million) by issuing bonds this year at the Ha Noi Stock Exchange.

Eleven members took part in the bond auction which was held on October 9.

Each bond, worth VND100,000 ($4.76), will mature in five years at 5.6 per cent interest per year, 0.55 per cent higher than that of the State Treasury bonds.

The money raised will be used for implementing key infrastructure projects in Da Nang, such as the Rong and Nguyen Van Troi-Tran Thi Ly bridges, a high-tech zone and the city's administration centre. The funds will also be used for projects such as the Hoa Xuan Stadium, Hai Chau District's General Hospital and the Ngu Hanh Son historical and cultural park, as well as some others. — VNS

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Tags Da Nang bonds

Comments (1)

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Anh Bay - Saturday, 26/09/2015, 14:42 Reply | Like • 9