Institutional and individual investors, both domestic and foreign, can subscribe for Agribank bonds. Subscriptions are available at the bank's headquarters, all Agribank transaction points nationwide, or through the issuing agent, Agribank Securities Joint Stock Company (Agriseco).

The bonds feature a face value of 100,000 VND and a 10-year term, with interest paid annually. A floating interest rate mechanism applies, calculated as the reference interest rate plus a margin of 2% per year for the first five years and 2,5% per year for the subsequent five years. The reference interest rate is determined by the average 12-month VND savings deposit rate, paid at maturity, of four state-owned banks at the time of interest rate determination.

Agribank transaction staff assisting customers. Photo: Agribank

Following the public offering, the bonds will be centrally registered with the Vietnam Securities Depository and Clearing Corporation (VSDC). Investors can then deposit, buy, sell, transfer, or pledge the bonds through their securities accounts.

An Agribank representative stated that the bond issuance aims to supplement the bank's medium and long-term capital for business operations. This capital will be sustainably balanced by Agribank, fully meeting funding needs for production, business development, and key national projects.

Currently, Agribank's total assets exceed 2,7 million billion VND, with mobilized capital over 2,5 million billion VND and outstanding credit debt surpassing 2 million billion VND. Over 60% of this outstanding debt is allocated to the "tam nong" sector (agriculture, farmers, and rural areas).

Minh Ngoc