Nhan Dan - The Bank for Investment and Development of Vietnam (BIDV) has successfully issued VND2.03 trillion (US$97.4 million) worth of bonds during its first phase of issuance this year.
The non-guaranteed bonds, with terms from two and three years, were issued on August 2 and do not constitute secondary debt.
BIDV will use the money to supplement its mid and long-term capital and restructure mid and long-term loans to meet the State Bank of Vietnam's capital requirements.
This is the first successful bond issuance by a credit institution since 2011 and the largest volume of corporate bonds issued since early this year.