Rush on bonds before issuance
August 25, 2003 | 18:16
Local commercial banks are rushing to buy large volumes of municipal bonds even though the Ho Chi Minh City government has yet to officially launch the issuance. Vietcombank has registered to buy $25.5 million worth of bonds of the $77.6 million issue. The Vietnam Bank for Investment and Development (BIDV) has registered to buy $32.4 million.
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