Tuesday 10 June 2008

Saigon Bank subject to BOE issuing time extension

Tuesday, June 10, 2008
The State Bank’s Governor has issued Decision 1279/QD-NHNN which will allow the Saigon Joint Stock Commercial Bank (SCB) to extend the issuance of par value termed bonds worth VND 3 trillion until July 4th, 2008.

Interest rates in Vietnamese Dong were fixed in the Decision 16/2008/QD-NHNN issued on May 16th, 2008 by the State Bank’s Governor.

Any adjustments will be publicly reported to the State Bank by SCB.

Previously, SCB’s termed bonds were issued following Decision 07/2008/QD-NHNN of the State Bank on March 24th, 2008.