On July 30, the Board of Directors of Viet Nam Joint Stock Commercial Bank For Industry And Trade approved the plan for the second bond private offering of 2019 as follows:
- Issuer: Viet Nam Joint Stock Commercial Bank For Industry And Trade
- Bond name: Bond of Viet Nam Joint Stock Commercial Bank For Industry And Trade
- Bond code: CTG1929T2/RL
- Type of bond: non-convertible, unsecured bond
- Bond term: 10 years
- Total estimated issue value: VND100 billion
- Currency unit: VND
- Par value: VND1,000,000,000/bond
- Issue price: 100% par value
- Interest rate: floating rate. The interest rate is defined by a sum of a reference rate and 1.2%/year. The reference rate for each interest payment period will be the average interest rate of personal saving deposit in VND, term of 12 months, posted on official websites of Vietinbank, Vietcombank, BIDV and Agribank on an interest rate determination date.