MHB securities arm to issue bonds

Saturday, May 10, 2008
Mekong Delta Housing Development Bank's securities arm MHBS recently announced that it would retail three million ensured non-convertible bonds worth 300 billion dong at 100,000 dong par and the selling price of 100,000 dong per bond for the first phase under the bank's payment guarantee.
These five-year bonds have a coupon rate of 10% per annum for the first year and that of following years negotiated based on Vibor interest rate (Vietnam interbank offer rate) on April 5 yearly.
The coupon rate will be paid yearly on May 5 and the principal will be paid once on the mature date.