HCM City plans to issue VND3 trillion in municipal bonds

14:10 | 26/09/2016 Finance - Banking

The People’s Committee of Ho Chi Minh City has submitted to the Ministry of Finance a plan of issuing VND3 trillion (134.4 billion USD) in municipal bonds in the domestic market in 2016.

HCM City plans to issue VND3 trillion in municipal bonds

Photo: thoibao.today

Under the plan, the committee will entrust the HCM City State Financial Investment Company (HFIC) to carry out the bond issue.

The bonds will have five, ten and 15-year terms with a face value of VND100,000 (4.48 USD).

The first bonds are scheduled to be issued in early October./.

 

Source: VNA

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