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Update news international bond
Vingroup Joint Stock Company (Vingroup) has completed its bond issuance on the international market with a total value of US$525 million, according to details given by the Hanoi Stock Exchange (HNX).
Commercial banks are rushing to issue bonds to balance short-term and long-term capital, and ensure their capital adequacy ratio.
Commercial banks are issuing international bonds because they need foreign currencies to satisfy dollar capital demand.
Whether to allow real estate firms to issue bonds in the international market remains a controversial issue.
The government has begun implementing the plan on mobilizing capital in large quantity after getting the go-ahead from the National Assembly as the state budget is becoming exhausted.
The Ministry of Finance does not make public the names of borrowers of the capital the government mobilizes through its international bond issuances, making it difficult to control repayment obligations of debtors.
VietNamNet Bridge – The successful issue of international bonds at low interest rates will allow Vietnam to promote itself in the international capital market, according to a VPB Securities report.