Bonds of three-, five- and ten-year tenors will be sold at a face value of VND100,000, according to Vietnam News Agency.
According to Phuc, capital construction bonds will carry a fixed coupon during their terms as per the law. The bonds will be sold via auctions at the Hanoi Stock Exchange, as well as by securities firms, banks and financial credit institutions.
This amount of capital will be distributed to Hanoi’s major projects scheduled for completion in 2014-2015 such as the urban traffic development, Belt Road No.1 and 2, Road No.5 extension and so on.
The director of the city’s State Treasury emphasized his agency will strictly apply information technology in managing this huge capital to ensure the proper use and completion schedule of such projects.
Đăng ký: VietNam News