Banks🔯 issue bonds to raise long-term capital, adhere to regulations
Commercial banks are seeking to issue bonds to raise long-term capital while adhering to capital safety regulations set by the central bank.
Keyword: "long-term capital"
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Banks raise certificat♔es of deposit rates to more than 10 percent🌊
Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 percent per year with the aim of mobilising long-term capital.
Corporate bonds effective tool to raise capital
Bond issuance is becoming a popular channel for firms to raise capital for its efficiency and convenience.
Banks struggle to lure long-term capital
Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.
Project to restructure stock market approved
Prime Minister Nguyen Xuan Phuc has approved a project to restructure the stock market until 2020 with a vision to 2025, with an aim to make it an important channel for middle- and long-term capital regulation.
Banks look abroad in rush for long-term capital
Struggling to attract domestic funds, banks are rushing to seek foreign capital ahead of the central bank’s tightened policy on medium- and long-term lending early next year.
2,900 firms close down in first quarter of 2016
The shortage of long-term capital coupled with low competitiveness should be blamed for the rising number of firms going bankrupt and temporarily halting operations in the first quarter of 2016.