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BIDV offers $93m in separate bonds to investors

Update: July, 12/2014 - 10:02
HA NOI (VNS)  — The Bank for Investment and Development of Viet Nam is offering VND2 trillion or $93.8 million in separate bonds to a group of investors.

Sources quoted by Dau Tu Chung Khoan (Securities Investment) newspaper said the bond issue, which would reportedly end by the end of this month, aims to increase capital. Last year, the bank issued VND3 trillion or $140.8 million worth of bonds, which helped it raise its capital adequacy ratio.

As of the end of last year, BIDV's capital adequacy ratio was 10.23 per cent. — VNS

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