HCM City plans to issue 3 trillion VND in municipal bonds
The People’s Committee of Ho Chi Minh City has submitted to the Ministry of Finance a plan of issuing 3 trillion VND (134.4 billion USD) in municipal bonds in the domestic market in 2016.
Illuatrative image (Source: VNA)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 100,000 VND (4.48 USD).
The first bonds are scheduled to be issued in early October.-VNA
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