The Vietnam AssetManagement Company (VAMC) has decided to issue its second batch ofspecial bonds to help handle bad debts for several banks, the State Bankannounced on October 18.
The bank said thebonds, worth of 3,070 billion VND (146.1 million USD) with five-yearmaturity from October 22, 2013 to October 22, 2018 and a zero percentinterest rate, are sold for its three clients, namely Sai GonCommercial Bank (SCB), Southern Bank, and Agribank.
Of the total, SCB will buy nearly 1,191.7 billion VND; Southern Bank,over 154.5 billion VND; and Agribank, approximately 1,723.8 billion VND.
On October 14, VAMC had already issued bonds worthof 792.6 billion VND for SCB, Sai Gon Hanoi Bank (SHB) and PetroleumBank (PGBank).-VNA