According to a notice released by the State Treasury on June 30, the bonds will have a face value of 100,000 VND (4.6 USD) each.
It is estimated that bonds worth 6-7 trillion VND (275-321 USD million) will be issued during the period.
Thoseinterested in the 20-year bond can register for direct purchases at theagency. The bonds will be issued the day the State Treasury gets moneyfrom the buyers.
The Ministry of Finance and investors willnegotiate the bond coupons at the time of issuance. The coupons will bepaid annually, while the principal will be settled on maturity.
The issue aims to raise funds for the State budget and development investments this year.
Accordingto the Hanoi Stock Exchange and the Vietnam Bond Market Association,the longest tenure of Government bonds on the local market is 15years.-VNA