PG Bank to issue 1 trillion VND in promissory notes

Hanoi (VNA) - The Petrolimex Group Commercial Joint Stock Bank (PG Bank) has announced it would issue 1 trillion VND worth of three and six month promissory motes at an annual interest rate of 18.6 percent.

Saiogon Securities Inc (SSI) will issue the notes with face values of 5 million VND, 10 million VND and 50 million VND at all branches and transaction offices of PG Bank nation-wide, member companies of Vietnam Petroleum Corporation (Petrolimex) and SSI.

PG Bankrecently opened more branches in Hanoi , Vung Tau City and Long An province.