Agribank issues VND10,000 billion in bonds to the public in 2024
In order to strengthen its capital base and increase long-term funding to meet lending requirements for economic development, Agribank is offering VND 10,000 billion worth of bonds to the public in 2024 with attractive interest rates.
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Accordingly, Agribank’s 2024 public bonds are among the products with many outstanding features, offering high safety and good profitability, thereby increasing customers' safe and effective investment opportunities. The interest rate for Agribank’s bonds is determined by the reference rate (the average 12-month VND savings deposit interest rate, paid at maturity, of four banks: BIDV, VietinBank, Agribank, and Vietcombank on the interest rate determination date) plus a margin of 2.0% per year. The bond term is 10 years; in the last 5 years before maturity, if Agribank does not exercise its call option, the margin increases to 3.0% per year.
Investors, including both Vietnamese and foreign organisations and individuals, can register to purchase Agribank bonds from July 11, 2024, to August 14, 2024, at Agribank’s headquarters and all transaction points nationwide, or through the issuing agent, Agribank Securities Joint Stock Company (Agriseco).
In a challenging economy where many investment channels face risks, investing in Agribank bonds is a safe and profitable option suitable for many customers. Agribank bonds can be deposited for trading, transfer, and pledge on customers’ securities accounts.
Bondholders can also use Agribank bonds as collateral to borrow from Agribank at attractive interest rates or as collateral from other commercial banks, subject to each bank’s policy.
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| Agribank issues VND10,000 billion in bonds to the public in 2024. |
Currently, Agribank only distributes bonds issued by Agribank itself. The bank does not issue, distribute, or provide services related to corporate bonds of other issuers. Agribank’s bond issuance activities comply with the current laws and regulations of the State Bank of Vietnam.
Agribank is a commercial bank wholly owned by the State. It plays a key role in the banking system, possessing the most extensive network with nearly 2,300 branches and transaction offices across all regions and islands nationwide. Agribank’s total assets have reached VND 2.1 quadrillion; capital sources are at VND 1.9 quadrillion; and total outstanding loans to the economy exceed VND 1.5 quadrillion. With a spirit of always accompanying and supporting businesses and individuals, Agribank has consistently pioneered offering customers and companies the most interest and fee waivers, contributing to economic and social recovery and development.
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