Accordingly, Agribank's public bond in 2024 is one of the products with many advantages, high safety and good profitability, increasing safe and effective investment opportunities for customers. Interest Rate of Agribank bonds is determined by the reference interest rate (average interest rate of 12-month VND savings deposits, interest paid at the end of the term of 4 banks BIDV, Vietinbank, Agribank, Vietcombank on the date of interest rate determination) plus a margin of 2.0%/year. The term of the bond is 10 years, in the last 5 years before maturity, if Agribank does not buy back according to the right, the margin of the bond is up to 3.0%/year.
Investors are Vietnamese and foreign organizations and individuals who can register to buy Agribank bonds from July 11, 2024 to August 14, 2024 at the Head Office and all Agribank transaction points nationwide or through the issuing agent, Agribank Securities Joint Stock Company - Agriseco.
The purpose of issuance is to increase Tier 2 capital, meet the safety ratios of Agribank's operations as prescribed by the State Bank, and at the same time increase the scale of operating capital, meeting the lending needs of the economy in general, especially medium and long-term investment projects.
In the context of a difficult economy, many investment channels face risks, investing in Agribank bonds is a safe and profitable investment channel, suitable for the choice of many customers. In particular, Agribank bonds can be deposited to conduct transactions of buying, selling, transferring, and pledging on customers' securities accounts. Customers who own Agribank bonds can also use them as collateral to borrow from Agribank at attractive interest rates, or can use them to borrow from other commercial banks according to each bank's policy.
Currently, Agribank only distributes bonds issued by Agribank itself. Agribank does not issue, distribute, or provide services related to corporate bonds issued by other issuers. Agribank's bond issuance activities comply with current regulations of law and of The State Bank of Vietnam.
Agribank is a 100% state-owned commercial bank. Agribank plays a key role in the banking system, with the largest network of nearly 2,300 branches and transaction offices across all regions, areas and island districts of the country. Up to now, Agribank's total assets have reached 2.1 million billion VND; capital has reached 1.9 million billion VND; total outstanding loans to the economy have reached over 1.5 million billion VND. With the spirit of always accompanying and sharing difficulties with businesses, and removing difficulties for people, Agribank is the bank that always pioneers in providing the most interest and fee exemption and reduction support for customers and businesses, contributing to the recovery and development of the socio-economy.
Agribank is a pioneer, responsible, and effective implementer of 07 credit policies, 03 national target programs on new rural construction, socio-economic development programs for ethnic minorities and mountainous areas; and sustainable poverty reduction programs. Agribank develops and provides over 200 convenient, modern products and services, with diverse capital channels and banking services to meet the needs of people and businesses, promote non-cash payments, and actively contribute to the cause of building and developing the country's socio-economy, ensuring national defense and security.
