This is one of the 6 long term valuable papers (more than 1 year) issued by Agribank, in which all customers including Vietnamese residents, Vietnamese living abroad, foreigners residing and legally operating in Vietnam or foreigners doing business in accordance with Vietnamese Law, can invest.
bond: the bond which shows name of the owner.
bond: the bond without name of the owner, Bearer bond is belonged to the
opening: the bond issuing branch will open a bond account for the owner and
give the owner a certificate confirming the bond account.
- Term: at least 1
- Currency: VND, foreign currencies.
- Minimum value: 100.000 VND, 100 USD or its equivalent in
- Maximum value: VND 1 billion, 100.000 USD or its equivalent
in other currency.
principal payment shall be made to customer at the Agribank’s counter where the
bond was issued or at any Agribank’s other counters (for the bear bond only).
at maturity: The principal shall be fully paid to customer at maturity.
after maturity: If at maturity, the customer will not receive the principal
payment, Agribank will not renew for another term, the principal shall bear the
current demand interest rate for the period after maturity. Interest shall be
calculated and paid to customer upon his/her receipt of principal payment.
Agribank will not apply prepayment.
rate adjustment method: fixed interest rate.
calculation: Interest = Face value* Monthly interest rate* Number of days
payment: Agribank sells the valuable paper at discounting price (interest will
be calculated and deducted from face value so that the price plus
interest equal to the face value).
The customer will buy the bond with full
interest paid in advance at the Agribank branches’ counters.
search the address of Agribank’s branches and transaction offices here) .