Full Power offers bonds

18/07/2008 -- 11:12 AM

HCM City (VNA) – Full Power Company is set to auction 640 billion VND (38.78 million USD) worth of corporate bonds. Commercial banks, brokerages and other financial institutions are the main targets of the auction. The bond has a face value of 1 billion VND (60,606 USD), valid for 3 years and underwritten by Kim Eng Securities. Winners of the auction will collect 10 percent of the interest rate in the first year. The auction will be divided into two phases, including 400 billion VND of bonds issued in the third quarter of this year, and 240 billion VND of bonds issued in the first quarter of 2009.-Enditem
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