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Vietnamese bank to auction 2tn dong in bonds
HANOI : The Vietnam Bank for Social Policies, one of Vietnam's two state policy lenders, will auction 2 trillion dong ($
HANOI: The Vietnam Bank for Social Policies, one of Vietnam's two state policy lenders, will auction 2 trillion dong ($96.15 million) worth of government-guaranteed bonds at the Hanoi Stock Exchange later this week, the exchange said.
The bank will sell three-year and five-year bonds, each to raise 1 trillion dong, on Wednesday, the exchange said in a statement.
At its previous auctions on Aug. 26, the lender sold 150 billion dong of three-year bonds at a yield of 12.5 percent, and 430 billion dong of five-year debt at a yield of 12.6 percent.
Copyright Reuters, 2011
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