“Agribank Offers 10,000 Billion VND in Public Bonds for 2024”

    In a bid to bolster its equity base and foster long-term capital growth, Agribank is offering an enticing interest rate on its public sale of 10,000 billion VND worth of bonds in 2024. This move is designed to meet the burgeoning demand for loans that will catalyze economic development.

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    Agribank’s public offering of its 2024 bonds presents an attractive investment opportunity with a unique combination of high safety and strong profitability. The bonds offer a competitive interest rate, set at a premium of 2.0% per annum above the reference rate, which is the average 12-month term deposit interest rate of four leading banks (BIDV, Vietinbank, Agribank, and Vietcombank) as of the interest rate determination date. With a 10-year maturity, the bonds provide long-term stability and the potential for significant returns.

    The offering is open to both Vietnamese and foreign investors, including institutions and individuals, from July 11, 2024, to August 14, 2024. Investors can conveniently purchase the bonds at Agribank’s head office, any of its nationwide transaction offices, or through its issuing agent, Agriseco – Agribank Securities Joint Stock Company.

    Amid economic challenges and risky investment avenues, Agribank’s bonds stand out as a safe and profitable option, catering to a diverse range of investors. The bonds can be deposited for trading, transfer, and pledge on investors’ securities accounts, enhancing liquidity and flexibility. Bondholders can also use their Agribank bonds as collateral for attractive loans from Agribank or other commercial banks, depending on their policies.

    Agribank, as a 100% state-owned commercial bank, is a market leader with an extensive network of nearly 2,300 branches and transaction offices across Vietnam. The bank’s total assets stand at 2.1 million billion VND, with capital reaching 1.9 million billion VND and outstanding loans to the economy exceeding 1.5 million billion VND. Agribank is committed to supporting businesses and individuals, leading the way in providing interest and fee relief to its customers and contributing to the recovery and development of the Vietnamese economy.

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